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986 Legal Tech Companies Raised, Then Went Quiet
Of the legal tech companies that raised between 2020 and 2023, only 274 raised again. Meanwhile 391 brand-new entrants showed up in 2024-2025. The other half of the AI boom story.
May 2, 2026
·legal tech, funding
Q1 2026 Extended: Three Companies Took Two-Thirds of the Money
Q1 2026 closed at $2.34B raised across 103 deals, the second-highest first quarter on record. Strip out one debt round and one Stockholm Series, and the story is very different. Relativity, Legora and Harvey took 62.86% of every dollar. The median round dropped 57.5% to $1.0M. Investor count grew 36.9%. The full Spark breakdown.
May 1, 2026
·funding, q1-2026
You do know Harvey's BigLaw Bench does not actually test case law research, right?
You do know Harvey's BigLaw Bench does not actually test case law research, right? Annoyingly every news outlet states that GPT 5.5 is "great" at "legal research" but I can not find any proof it is
Apr 27, 2026