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Wordsmith secures over £52m to bring legal work back in-house

The round included participation from Highland Europe and Index Ventures

AI legal
Image credit: Shutterstock / PeopleImages

Edinburgh-headquartered Wordsmith AI has closed a $70m (£52.1m) Series B round.

Built for in-house legal teams, Wordsmith captures, triages, resolves and records every legal request from a business so these teams can work at the speed of AI. Every request, whether it starts in email, Slack, Salesforce, Teams or an informal business question, lands in one place, and each request arrives with ownership, priority and context attached. 

The round, which included participation from Highland Europe and Index Ventures among others, comes alongside an expansion of Wordsmith’s product and new enterprise customer wins, including Sage and Starling.

Wordsmith will use the funding to accelerate development of its AI platform, scale towards 300 team members globally by the end of the year, double down on the US market, and support growing demand from corporate legal departments.

“Legal does not need another filing cabinet, and it does not need another copilot that simply helps one lawyer work faster,” said Ross McNairn, CEO and co-founder of Wordsmith. 

“Wordsmith is the front door that does the work. Requests come in, AI agents process the routine, lawyers approve what needs judgment, and every step is recorded as it happens. We are building the system legal runs on: one place where work comes in, gets owned, gets completed and measured.”

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