Legal Law

Start of legal automation without code Josef raises USD 2.5 million

Josef, an Australia-based no-code software platform that enables lawyers to automate common tasks, has raised $ 2.5 million.

The round of financing was led by the Australian venture firm Carthona Capital with the participation of US investors, including The LegalTech Fund.

In addition to the startup’s $ 1 million startup round in 2019, total funding is $ 3.5 million.

With Josef’s software, lawyers can automate legal tasks, e.g. B. Interacting with customers, sending e-mails, generating legal documents and providing legal advice.

Users can automate the creation of documents, create bots to handle customer interviews, review paperwork or run NDAs and create personalized documents, from letters to contracts.

The company, which was founded in 2017 by two lawyers, CEO Tom Dreyfus and COO Sam Flynn, and engineer Kirill Kliavin, now CTO, and named after the protagonist in Kafka’s novel The Trial, Josef K, says its software has so far been used was create over 6,000 bots.

COO Flynn said the new funding will be used by the company to capitalize on its growth to date, expand its overseas business and “become a household name for LegalTech.”

“Legal assistance is not available. Most people cannot afford it, and those who find it opaque and inconvenient, “Flynn said in a statement. “We are committed to solving this problem by empowering lawyers to change the way they work.

“This funding will help us improve Josef globally and build a world class team across Europe and North America. With the support of the LegalTech Fund, we have the partners to achieve this. “

Josef’s clients include large law firms such as Herbert Smith Freehills and in-house legal teams from L’Oreal and Randstad. The COVID-19 pandemic gave a boost as legal teams looked for ways to streamline their systems and processes and reduce points of friction.

LegalTech Fund partner Zach Posner described Josef’s automation platform as “like magic”.

“Josef’s mission is to help all lawyers to use their knowledge and to become developers themselves,” said Posner. “They created a simple, elegant ‘automation workbench’ for individuals to make their roles in navigating the legal system easier and more efficient.”

Josef was a competitor in ABA Techshow Startup Alley 2020, an annual competition that I oversee.

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