The company, in a statement, said that with more commitments in the pipeline, it is set to close the funding round soon.
“We are excited about the continued trust and support of our investors, which allows us to accelerate our vision of leveraging generative AI to transform the challenges faced by legal stakeholders,” said Karan Kalia, founder of Legitquest.
Founded in 2017 by Kalia, Rohit Shukla and Himanshu Puri, LegitQuest provides a generative AI (GenAI) assistant designed for legal professionals to enhance research, track cases, and conduct efficient due diligence.
“We’ve achieved a robust 250% year-over-year (YoY) growth, alongside a consistent annual increase in ARPU. With a strong client base and a user-centric approach, we’ve successfully achieved product-market fit, and we’re now focusing on scaling further,” said Puri.
The startup has also elevated Rajan Batra to cofounder, who joined the company three years back as vice president of engineering.
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“High-quality, accurate data is the foundation for effective generative AI solutions,” said Batra, while highlighting the growing demand for customised AI-based solutions. The company claims to have gathered nearly three billion pages of legal data.
On September 25, AI-driven legal-tech startup Jhana closed a $1.6 million seed funding round led by venture capital firm Together Fund.
On July 30, ET reported that DecoverAI, a legal tech company, raised $2 million in a funding round led by tech-focused venture capital firm Leo Capital.
