Toronto-based Spellbook, an artificial intelligence company automating legal drafting and review, has raised $50 million USD in Series B financing led by Keith Rabois of Khosla Ventures, valuing the company at $350 million. The round included Threshold Ventures, Inovia Capital, and others.
Spellbook’s software integrates directly into Microsoft Word, allowing lawyers to review, draft, and negotiate contracts using AI without changing workflows. Serving nearly 4,000 firms in 80 countries, Spellbook has analyzed over 10 million contracts for clients such as Nestlé, eBay, and Kennedys. The company plans to expand its product to cover the full scope of transactional law.
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