6 years ago

Genie AI Secures €2.2 Million to Enhance Contract Drafting with AI

  • Genie AI, a London-based legal tech startup, has raised €2.2 million to further develop its intelligent contract editor, SuperDrafter

  • The funding comes from a €1.3 million seed round led by Connect Ventures and an €890k grant from UK Research and Innovation

  • SuperDrafter uses machine learning to analyze past contracts and recommend clauses during drafting, negotiation, and review, aiming to increase drafting efficiency by 52%

  • The startup is currently piloting its product with law firms including Clifford Chance, Pinsent Masons, and Withers.

      • ProblemFinancial Services

      "Lawyers spend hours searching for specific contract clauses and struggle to negotiate the best deals for clients due to limited access to collective firm intelligence."

      Solution

      "SuperDrafter, a machine learning-powered contract editor, recommends clauses and provides a better understanding of market standards, allowing lawyers to negotiate better deals and increase drafting efficiency by 52%."

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