Alexi Secures $11 Million USD Series A Funding to Accelerate AI-Powered Legal Technology Innovations

Alexi, a Canadian legaltech company specializing in generative AI for legal research and litigation tasks, has announced an $11 million USD Series A fundraise. Led by Drive Capital, with participation from existing investors, the round brings Alexi's total funding to over $20 million. Chris Olsen, Partner at Drive Capital, will join Alexi's Board of Directors.

The funding will support hiring across various teams, including engineering, product development, brand and design, legal, and business development. This investment will help Alexi meet the increasing demand from law firms and accelerate the release of new AI-powered litigation tools across North America and other regions.

Alexi's platform enables legal professionals to generate high-quality legal memos, identify pertinent legal issues, and perform routine litigation tasks. The company's mission is to empower legal teams with AI, breaking down barriers to knowledge and enabling justice for all.

CEO Mark Doble expressed enthusiasm for the growth, noting that recent user activity has increased by 15-20% each month. Thousands of litigators across the U.S. and Canada currently rely on Alexi's platform.