PocketLaw is a technology company.
PocketLaw has raised $13.0M across 2 funding rounds.
PocketLaw has raised $13.0M in total across 2 funding rounds.
PocketLaw is a Stockholm-headquartered legal tech company that builds an AI-powered contract lifecycle management (CLM) platform for businesses. It offers tools for creating, reviewing, editing, redlining, approving, e-signing, and storing contracts, along with AI assistance for drafting, summaries, and risk analysis, serving SMEs, startups, scaleups, and enterprises across Europe and the UK.[1][2][3][6]
The platform solves fragmented legal processes by providing an all-in-one solution that automates workflows, centralizes storage, and integrates with tools like Salesforce and Slack, reducing errors, risks, and manual work while enabling non-legal teams to handle routine tasks efficiently.[1][2][5] With over 65 employees, $14.66M raised (including from Atomico), and strong growth (1.08% rate in the 95th percentile), PocketLaw has thousands of users and continues expanding its AI capabilities.[3][4][6]
PocketLaw was founded in 2018 by childhood friends Kira Unger Söderlind (CEO, former M&A associate at Mannheimer Swartling) and Olga Beck-Friis (former McKinsey Digital Labs consultant). The idea emerged from Kira's frustration with archaic, siloed legal processes at her law firm and Olga's exposure to tech transformations, leading them to create an end-to-end platform for corporate legal needs.[3][7]
They launched in 2020 targeting startups and scaleups with contract signing, storage, and legal help connections, initially resembling a LegalZoom for SMBs. Early challenges included a 2018 Swedish government AI grant revealing accuracy issues, but founders bet on improving models. Pivotal traction came from educating the market on all-in-one solutions over point tools, building law firm partnerships, and showcasing case studies.[1][3][7]
PocketLaw stands out in legal tech through its comprehensive, AI-driven approach:
PocketLaw rides the legal tech democratization wave, fueled by generative AI advancements that enable accurate, scalable contract automation—addressing an industry ripe for disruption due to manual, fragmented tools.[1][7] Timing is ideal post-2023 AI breakthroughs, allowing its pivot from templates/SMB focus to enterprise CLM, capitalizing on market demand for efficiency amid rising compliance needs and remote work.[2][7]
It influences the ecosystem by unlocking business speed for non-legal teams, partnering with law firms, and integrating into sales/ops workflows, reducing reliance on external counsel and fostering AI adoption in conservative legal sectors.[1][3] As a next-gen player in Europe's legal tech scene (Stockholm/London bases), it competes with incumbents while benefiting from Nordic VC strength and regulatory tailwinds like GDPR.[4][6]
PocketLaw is poised for accelerated growth by deepening AI agents for reviews, expanding playbooks, and targeting enterprises with custom integrations amid booming CLM demand (projected multi-billion market). Trends like AI accuracy gains and workflow automation will propel it, potentially evolving from regional disruptor to global leader via more funding and US expansion.[2][4][7]
Watch for playbook scaling and risk analytics to drive retention; success hinges on sustained AI edge and partnerships. This positions PocketLaw to fully realize its vision of one unified legal system, transforming how businesses operate.
PocketLaw has raised $13.0M in total across 2 funding rounds.
PocketLaw's investors include 2xN, AENU, Atomico, byFounders, Capnamic Ventures, Cherry Ventures, Creandum, Energize Ventures, Entrée Capital Ventures, EQT Ventures, Frontline Ventures, GreenPoint Partners.
PocketLaw has raised $13.0M across 2 funding rounds. Most recently, it raised $11.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $11.0M Series A | 2xN, AENU, Atomico, byFounders, Capnamic Ventures, Cherry Ventures, Creandum, Energize Ventures, Entrée Capital Ventures, EQT Ventures, Frontline Ventures, GreenPoint Partners, Jonathan Becker, High-Tech Gründerfonds, Iris Capital, Kinnevik, La Famiglia, Lionheart Ventures, Octopus Ventures, Roofstock, Sequoia Capital, Stash Ventures, Visionaries Club, Zigg Capital, Chris Murphy, Christian Reber, Eric Ries, Gloria Baeuerlein, Hanno Renner, Ilya Kondrashov, Jan Wilmking, Jeff Bezos, Jeppe Rindom, Johannes Reck, Jonas Rieke, Juha Paananen, Julius Köhler, Maximilian Hasler, Max Mullen, Michael Cassau, Michael Wax, Simon Willnauer, Thijn Lamers, Tom Blomfield, Torsten Reil, Venus Williams | |
| Aug 1, 2021 | $2.0M Seed | Atomico, Christian Reber, Gloria Baeuerlein, Hanno Renner, Jeppe Rindom, Jonas Rieke |