Wordsmith AI raises £52 million amid rapid growth – Daily Business

Ross McNairn: we are the front door

Wordsmith AI, the Edinburgh-based legaltech start-up, has raised $70 million (£52m) following a series of client wins.

The Series B funding comes from growth-stage investment firm headquartered in London Highland Europe and Index Ventures among others.

It comes alongside an expansion of Wordsmith’s product and new enterprise customer wins, including Sage and Starling.

The company has enjoyed a year of rapid growth which has seen its AI platform used by more than 500 companies, including BT, Financial Times, Safelite, Trip.com, and Canva.

Wordsmith’s momentum reflects the pace at which legal teams are rethinking how work gets done. It will use the funding to expand its payroll to 300 globally by the end of the year, double down on the US market, and support growing demand from corporate legal departments.

“Legal does not need another filing cabinet, and it does not need another copilot that simply helps one lawyer work faster,” said Ross McNairn, CEO and co-founder of Wordsmith.

“Wordsmith is the front door that does the work. Requests come in, AI agents process the routine, lawyers approve what needs judgment, and every step is recorded as it happens. We are building the system Legal runs on: one place where work comes in, gets owned, gets completed and measured.”

Jean Tardy-Joubert, partner at Highland Europe, said: “What is most exciting about Wordsmith is that this is a tool built for companies, rightfully involving all employees in legal affairs, in coordination with the in-house legal team.

“By taking a vertical approach, Ross and the Wordsmith team have established themselves at the forefront of the sector, with demonstrable market traction, impressive growth and more than 500 satisfied customers.”

Wordsmith was founded by McNairn, CTO Volodymyr Giginiak, and COO Robbie Falkenthal. McNairn is a former lawyer turned technology executive who helped scale Perk from $1m to $200m in annual recurring revenue and previously held senior roles at Skyscanner.

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