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

LegalOn Technologies Overview

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

JapanTokyo

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

LegalOn Technologies funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2025Series EGoldman Sachs Growth Equity (lead); Shoko Chukin Bank; Mizuho Financial Group; World Innovation Lab; Gaingels; Mori Hamada & Matsumoto$50MLegalOn 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 2022Series DSoftBank Group (lead); World Innovation Lab; Mizuho Capital; Mitsubishi UFJ Capital; Goldman Sachs Asset Management; HSG$102MLegalOn 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 2021Series CWorld Innovation Lab (lead); DIMENSION; Jafco Group; Mizuho Capital; Mitsubishi UFJ Capital; SMBC Venture Capital$26M-
Feb 2020Series BWorld Innovation Lab (lead); Jafco Group; Dream Incubator; Mizuho Capital; Mitsubishi UFJ Capital; Kyoto University Innovation Capital; SMBC Venture Capital$9M-
Jan 2019Series AJafco Group (lead); Dream Incubator; Mizuho Capital; Mitsubishi UFJ Capital; Kyoto University Innovation Capital$5M-
Nov 2018Series AJafco Group; Dream Incubator; Kyoto University Innovation Capital$4M-
Apr 2018SeedShinsuke Mori; Kyoto University Innovation Capital; SMBC Venture Capital$700K-
Mar 2018SeedKyoto 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

Investors in LegalOn Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Kyoto University Innovation CapitalJapanKyoto5LeadMar 2018
World Innovation LabUnited StatesSan Francisco, CA4LeadFeb 2020
Jafco GroupJapanJapan4LeadNov 2018
Mizuho CapitalJapanTokyo4ParticipantJan 2019
Mitsubishi UFJ CapitalJapanTokyo4ParticipantJan 2019
SMBC Venture CapitalJapanTokyo4ParticipantMar 2018
Dream IncubatorJapanTokyo3ParticipantNov 2018
Shoko Chukin BankJapanJapan1ParticipantJul 2025
DIMENSIONJapanTokyo1ParticipantFeb 2021
Mizuho Financial GroupJapanTokyo1ParticipantJul 2025
SoftBank GroupJapanTokyo1LeadJun 2022
Shinsuke MoriJapanTokyo1ParticipantApr 2018
Goldman Sachs Growth EquityUnited StatesNew York City, NY1LeadJul 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 Trial

Acquisitions 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

Fides
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 CountryGermany
HQ City
Munich
Deal Date21 Oct 2025
Valuationundisclosed
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.

Public and private companies comparable to LegalOn Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DeepSeekChinaHangzhouPrivate--$50B-
CognitionUnited StatesSan Francisco, CAPrivate$900M-$48B53.3x
Z.aiChinaChinaPublicly listed$108M($658M)$46B65.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
Presight AI$825M$214M6.3x5.4x24.4x20.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x

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.

See companies similar to LegalOn Technologies

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial