Total amount raised
$68.4 Millions
Latest funding date
11/1/2024
Location
Robin AI has successfully raised $69.8 million over multiple funding rounds, including a Series B round and its extension. The platform leverages artificial intelligence to streamline and enhance the process of contract review and management for legal teams.
Keep reading to explore the intricacies of Robin AI's fundraising journey and the investors backing this innovative platform.
What Is Robin AI?
Robin AI, founded on March 1, 2019, is based in London, England. The company was established by James Clough and Richard Robinson.
Specializing in AI-driven legal solutions, Robin AI aims to automate and expedite the drafting and negotiation of contracts. Their platform includes tools like AI Contract Copilot and AI-Powered Search.
With a team of 51-100 employees, Robin AI serves a diverse range of clients, from SMEs to large multinational corporations, enhancing contract processing efficiency and speed.
How Much Funding Has Robin AI Raised?
- Pre-Seed Round
- Amount Raised: $210K
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core AI technology and build the founding team.
- Pre-Seed Round
- Amount Raised: $425K
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and prepare for market entry.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support from accelerators to refine the product and business model.
- Grant
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Google's resources for scaling the technology.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Continued support from Google to enhance AI capabilities.
- Seed Round
- Amount Raised: £1.8M
- Date: July 2021
- Lead Investors: Episode 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: £2.5M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series A
- Amount Raised: $10.5M
- Date: February 2023
- Lead Investors: Plural Platform
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI features and expand customer base.
- Series B
- Amount Raised: £21M
- Date: January 2024
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive international expansion and further product innovation.
- Series B Extension
- Amount Raised: $25M
- Date: November 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the AI boom and solidify market position.
Robin AI has raised a total of $69.8 million. The current valuation is not publicly disclosed.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It manages a net portfolio of over $300 billion.
- Investment Focus Areas: Technology, financial services, life sciences.
- Notable Investments: Alibaba, Gojek, Moderna.
- Plural Platform
- Details: Plural Platform is a venture capital firm that focuses on early-stage technology companies. It aims to support innovative startups with high growth potential.
- Investment Focus Areas: AI, fintech, SaaS.
- Notable Investments: Not publicly disclosed.
- Episode 1
- Details: Episode 1 is a UK-based venture capital firm that invests in early-stage technology companies. It provides both financial support and strategic guidance.
- Investment Focus Areas: Software, AI, digital health.
- Notable Investments: Carwow, Triptease, AimBrain.
- Google for Startups
- Details: Google for Startups is an initiative by Google to support startups through mentorship, resources, and funding. It aims to help startups grow and scale.
- Investment Focus Areas: Technology, AI, cloud computing.
- Notable Investments: Not publicly disclosed.
- AFG Partners
- Details: AFG Partners is a venture capital firm that focuses on investing in fintech startups. It aims to support companies that are transforming the financial services industry.
- Investment Focus Areas: Fintech, insurtech, regtech.
- Notable Investments: Not publicly disclosed.
What's Next for Robin AI?
Robin AI stands at the cusp of significant growth, driven by the booming interest in AI technologies within the legal sector. The recent $25 million "Series B Plus" round underscores the vast opportunities available, particularly in automating legal processes and enhancing contract management. This influx of capital positions Robin AI to expand its product offerings and scale operations, potentially entering new markets and solidifying its presence in the legal tech industry.
Future fundraising opportunities seem promising as investor confidence remains high. However, Robin AI may face challenges such as regulatory hurdles and intense competition from other AI startups. Continuous innovation will be crucial to maintain its competitive edge and capitalize on the growing demand for AI-driven legal solutions.
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