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- LegalOn Technologies
LegalOn Technologies Funding, Investors & Competitors
LegalOn Technologies has raised $198M across 8 funding rounds, most recently a $50M Series E in July 2025.
Last LegalOn Technologies funding round
$50M
Series E · Jul 2025
Cumulative funding LegalOn Technologies raised
$198M
across 8 funding rounds
Key investors in LegalOn Technologies
Kyoto University Innovation Capital
SMBC Venture Capital
Mitsubishi UFJ Capital
Mizuho Capital
Jafco Group
World Innovation Lab
Dream Incubator
SoftBank Group
About LegalOn Technologies
LegalOn Technologies is a contract review platform leveraging AI and legal expertise for risk identification, redline suggestions, and data structuring. San Francisco-headquartered with Tokyo operations, LegalOn integrates with Microsoft Word and DocuSign for enterprise teams handling NDAs, MSAs, and vendor agreements.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
LegalOn Technologies Funding History
LegalOn Technologies has raised a total of $198M across 8 funding rounds.
LegalOn Technologies' first fundraising round was a $700K seed round in March 2018. The most recent completed round was a $50M Series E in July 2025.
LegalOn Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2025 | Series E | Goldman Sachs Growth Equity (lead); Shoko Chukin Bank; Mizuho Financial Group; World Innovation Lab; Gaingels; Mori Hamada & Matsumoto | $50M | LegalOn Technologies is a global legal AI company founded in 2017, headquartered in San Francisco and Tokyo, specializing in AI-powered contract review software that identifies risks, suggests revisions based on attorney-built playbooks and organizational standards, and streamlines legal workflows. The platform supports over 7,000 customers worldwide, including 25% of Japan's public companies and 87% of its Fortune 500, with 40 global Fortune 500 clients, and recently expanded into matter management and AI agents for end-to-end legal processes from request to resolution. On July 24, 2025, LegalOn closed a $50 million Series E funding round led by Goldman Sachs Growth Equity, bringing total funding to $200 million. Investors included existing backer World Innovation Lab (WiL), and new participants Mori Hamada & Matsumoto, Mizuho Bank, and Shoko Chukin Bank, matching the specified investors. The capital will fund agentic AI product development, go-to-market expansion in the US and UK—where business quadrupled over the past year—and further growth in Japan amid 40% year-over-year customer increase. Concurrently, LegalOn announced a strategic non-equity collaboration with OpenAI, leveraging ChatGPT Enterprise, APIs, and joint engineering to develop advanced legal AI agents grounded in LegalOn's proprietary legal data and expertise for higher accuracy in corporate workflows. With over 600 employees, the company positions itself as a leader in legal tech amid rising investor interest, as seen in comparables like Harvey AI's $5 billion valuation and Clio's $3 billion. |
| Jun 2022 | Series D | SoftBank Group (lead); World Innovation Lab; Mizuho Capital; Mitsubishi UFJ Capital; Goldman Sachs Asset Management; HSG | $102M | LegalOn Technologies, operating as LegalForce in Japan, develops AI-powered contract review and management software to improve legal operations efficiency by screening contracts for risks, loopholes, and compliance issues using machine learning and legal insights. The platform supports end-to-end contract lifecycle management, reducing review times and workloads for corporations and law firms facing lawyer shortages and operational pressures. Clients include major Japanese firms like Nomura Holdings and All Nippon Airways, with 2,000 clients reported at the time of the Series D. On June 23, 2022, LegalForce announced a Series D funding round raising approximately JPY 13.7 billion (about $101-102 million USD), led by SoftBank Vision Fund 2. New investors included Sequoia China (now HSG), Goldman Sachs, while existing backers such as World Innovation Lab (WiL), Mizuho Capital, and Mitsubishi UFJ Capital participated. This brought the company's cumulative funding to approximately JPY 17.9 billion since inception. Funds were allocated to R&D, hiring for sales and recruitment, and marketing to expand the platform's adoption. SoftBank's investment marked its fourth in Japan, reflecting a shift to smaller, domestic-focused bets amid global tech downturns. |
| Feb 2021 | Series C | World Innovation Lab (lead); DIMENSION; Jafco Group; Mizuho Capital; Mitsubishi UFJ Capital; SMBC Venture Capital | $26M | - |
| Feb 2020 | Series B | World Innovation Lab (lead); Jafco Group; Dream Incubator; Mizuho Capital; Mitsubishi UFJ Capital; Kyoto University Innovation Capital; SMBC Venture Capital | $9M | - |
| Jan 2019 | Series A | Jafco Group (lead); Dream Incubator; Mizuho Capital; Mitsubishi UFJ Capital; Kyoto University Innovation Capital | $5M | - |
| Nov 2018 | Series A | Jafco Group; Dream Incubator; Kyoto University Innovation Capital | $4M | - |
| Apr 2018 | Seed | Shinsuke Mori; Kyoto University Innovation Capital; SMBC Venture Capital | $700K | - |
| Mar 2018 | Seed | Kyoto University Innovation Capital (lead); SMBC Venture Capital | $700K | - |
Who has invested in LegalOn Technologies?
17 investors have backed LegalOn Technologies across its funding rounds, including Kyoto University Innovation Capital, SMBC Venture Capital, Mitsubishi UFJ Capital, Mizuho Capital, Jafco Group and World Innovation Lab.
Lead investors include Goldman Sachs Growth Equity, SoftBank Group, World Innovation Lab, Jafco Group and Kyoto University Innovation Capital.
LegalOn Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Mar 2018 | ||
| 4 | Lead | Feb 2020 | ||
| 4 | Lead | Nov 2018 | ||
| 4 | Participant | Jan 2019 | ||
| 4 | Participant | Jan 2019 | ||
| 4 | Participant | Mar 2018 | ||
| 3 | Participant | Nov 2018 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 17 LegalOn Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by LegalOn Technologies
LegalOn Technologies has acquired 1 company to date.
Last acquisition by LegalOn Technologies was on October 21st 2025. LegalOn Technologies acquired Fides for undisclosed valuation.
Latest Acquisitions by LegalOn Technologies
| Description | Fides is a digital platform for corporate governance that enables managers to handle legal compliance, execute tasks, and monitor obligations across multiple companies and jurisdictions. The service facilitates oversight of duties, deadlines, and committee responsibilities while supporting resolutions, approvals, meetings, and audit trails for decisions. |
| HQ Country | |
| HQ City | Munich |
| Deal Date | 21 Oct 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all LegalOn Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |
LegalOn Technologies Competitors
LegalOn Technologies competitors include listed companies like Snowflake and Z.ai, and private ones like Anthropic, OpenAI, DeepSeek and Cognition.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Private | - | - | $50B | - | ||
| Private | $900M | - | $48B | 53.3x | ||
| Publicly listed | $108M | ($658M) | $46B | 65.9x |
LegalOn Technologies Public Comps
LegalOn Technologies is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, Haizhi and C3.ai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
This data is available for Pro users. Sign up to see all LegalOn Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about LegalOn Technologies
| When was LegalOn Technologies founded? | LegalOn Technologies was founded in 2017. |
| Where is LegalOn Technologies headquartered? | LegalOn Technologies is headquartered in Tokyo, Japan. |
| Is LegalOn Technologies publicly listed? | No, LegalOn Technologies is a private, VC-backed company. |
| How much funding has LegalOn Technologies raised? | LegalOn Technologies has raised $198M across 8 funding rounds. |
| What was LegalOn Technologies' last funding round? | LegalOn Technologies' last funding round was a $50M Series E in July 2025, led by Goldman Sachs Growth Equity. |
| Who are LegalOn Technologies' investors? | LegalOn Technologies' investors include Kyoto University Innovation Capital, World Innovation Lab, Jafco Group, Mizuho Capital, Mitsubishi UFJ Capital, SMBC Venture Capital, Dream Incubator, Shoko Chukin Bank, DIMENSION, Mizuho Financial Group and 7 others. |
| Which companies are comparable to LegalOn Technologies? | Companies comparable to LegalOn Technologies include Anthropic, OpenAI, Snowflake, DeepSeek, Cognition and Z.ai. |
| How many companies has LegalOn Technologies acquired? | LegalOn Technologies has acquired 1 company, including Fides. |
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