LegalTech platform Josef has announced a $2.5m funding round as it eyes expansion in the US and Europe, having signed leading firms such as Herbert Smith Freehills as well as in-house teams at Randstad and L’Oreal.
The round, led by Carthona Capital and including US investors The LegalTech Fund, brings Josef’s funding to $3.5m.
Josef is a no-code software platform that enables lawyers and legal professionals to automate legal tasks, including lawyer-client interactions, sending emails, generating legal documents and providing legal guidance and advice. Users can automate document drafting, build bots to handle client interviews, triage paperwork or execute NDAs and instantly generate personalized documents, from letters to contracts.
Founded by lawyers Tom Dreyfus and Sam Flynn and engineer Kirill Kliavin, Josef grew from their its founders’ experience of the complexities of legal services, which they say were time consuming, costly and confusing.
Co-founder and COO Sam Flynn said the new funding is an opportunity for the startup to capitalize on their growth, expand their overseas business, and become a household name for LegalTech.
“Legal help is inaccessible. Most people can’t afford it, and those who can find it opaque and inconvenient. We set out to solve this problem by empowering lawyers to change the way they work,” he said. “This funding will help us to level up and take Josef global, building a world-class team throughout Europe and North America. With the support of the LegalTech Fund, we have the partners to make that happen.”
Since their $1m seed round in 2019, Josef has focused on growing their team and developing an enterprise-ready platform. Josef’s clients have grown to include major law firms such as Herbert Smith Freehills, as well as in-house legal teams from L’Oreal and Randstad. The COVID-19 pandemic delivered a boost as legal teams searched for ways to streamline their systems and processes and reduce friction points.
The LegalTech Fund partner Zach Posner said Josef is one of the most exciting investments he has seen in the space.
“Every now and then we see a product that feels like magic, as it enables anyone to build automation into their workflows. Josef’s mission is to help all legal professionals capitalize on their knowledge and become developers themselves. They have built a simple, elegant, “automation workbench” for individuals to make their roles navigating the legal system easier and more efficient. “
Jenna Adamson, L’Oreal Legal Counsel said the tool had empowered the company’s in-house staff. “Josef alleviates the time spent by our team on process-driven and low-risk tasks and yet is also seen as an engaging and efficient tool to the business. Josef also empowers us to up our game in the delivery of legal services in-house. We can’t wait to see it continue to evolve and learn with it!” Adamson said.