Legaltech Latest: StructureFlow buys BlueJ Diagramming; Augmetec raises £2m; Leya rebrands as Legora

StructureFlow, a UK-headquartered visual modelling platform for complex corporate structures, transactions, and processes, has acquired Toronto-founded Blue J Diagramming, a visualization tool used by accountancy and tax experts. For Blue J, this divestment is part of a larger strategic shift to focus on its generative AI solution for tax research. Existing Blue J Diagramming customers will be migrated to StructureFlow, the most advanced business diagramming tool on the market.   

This partnership follows StructureFlow’s successful 2024 Series A funding round, signaling a period of significant growth for the company. The strategic alliance strengthens StructureFlow’s foothold in the North American market as well as expanding its reach beyond the legal and corporate finance sectors. 

Tim Follett, CEO of StructureFlow said: “Globalization, increasingly complex tax regulations, and the inherent challenges of managing intricate corporate relationships are driving demand for tools that can simplify, clarify, and streamline tax planning and compliance.    

“StructureFlow was built to cut through that complexity. This acquisition gives tax and accountancy professionals a powerful, collaborative platform to visualize even the most intricate matters. It empowers them to work more efficiently and make better-informed decisions.”   

The acquisition includes over 300 specialized tax diagram templates from Blue J Diagramming.  

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Augmetec, the legal tech compliance startup co-founded and led by Kritin Sundaram, has raised over £2m in seed funding to “turbo charge” its growth. The round is led by UK-based early-stage investors Fuel Ventures, with participation from Swiss fund 14Peaks Capital, and three industry angel investors, including a retired senior partner at Kirkland & Ellis, the family office of NetDocuments’ original founding team, and the head of fraud at Rajah & Tann Singapore.  

This follows hot on the heels of a £410k Pre-Seed raised last year, with Haatch Ventures and angel investors.  

Augmetec’s platform – LEIAA: Your Investigations Command Centre – is built by investigators, for investigators, and empowers organisations to standardise processes and investigative workflows, maintain trust, and increase transparency and auditability. 

LEIAA’s user-friendly interface provides the necessary tools to manage and conduct entire end-to-end investigations, from inception to reporting, data analysis to witness interviews, and everything in between. It partners with a host of enterprise platforms including Relativity, iManage, NetDocuments and Resistant AI.   

Augmetec will use the fresh injection of capital to continue growing its client base, to fund its product development and to level up its offering on a global scale.   

Sundaram said: “Our vision is to ease the overwhelming burden placed on the shoulders of investigative teams handling numerous, often complex and multi-faceted investigations, which frequently involve multiple stakeholders across jurisdictions. With the growing number of global investigations, we believe we have built Augmetec at the perfect time to meet this ever-evolving need given the wider international regulatory landscape.”  

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GenAI AI platform Leya announced today (19 February) that it has rebranded as Legora and released new product features.   

Leya-now-Legora was founded in 2023 and led by CEO and Y Combinator alum Max Junestrand. “Legora’s rebrand and new product enhancements mark a milestone in our evolution and reflect not only our growth but our unwavering commitment to deliver the world’s first truly collaborative AI for lawyers,” Junestrand said. “As we enter this next chapter, we remain focused on innovating alongside our clients and providing AI-driven insights that give lawyers a decisive edge in an increasingly competitive market.”   

We have yet to see the new functionality but Legora says the product upgrades include:   

Agentic web search: Legora can now agentically browse the web to provide deeper insights. After providing a query, Legora formulates the optimal web searches and reads through all relevant sources to generate an answer.   

Microsoft Word add-in: Natively integrated with Microsoft Word as an add-in, users can ask questions about the documents’ content, use playbooks directly in Word, and instruct Legora to edit based on comments and redlines.   

Collaboration: Legora users can now collaborate in projects, including real-time updates across Tabular Review. Legora also integrates with law firms’ existing technology stack and project structures like iManage and Sharepoint.   

Hélder Santos, head of legal tech and innovation at the 1,600-lawyer international law firm Bird & Bird, which has been working with Legora, said: “Legora’s work is transformative, seamlessly integrating people and technology to create innovative solutions. Our collaboration not only empowers our team to enhance workflows but also helps to ensure our clients are supported with accurate, practical and comprehensive support. By fusing the strength of our people with state-of-the-art technology, we are not just transforming legal services delivery — we are pioneering the future. I look forward to witnessing Legora continue to go from strength to strength, driving meaningful change in the legal sector.”   

To date, Legora has raised over $35 million in funding from investors, including Benchmark, Redpoint, SV Angel, Y Combinator and others. WIRED named Legora one of Stockholm’s hottest startups in 2024.