Legal AI startup Lucio has raised $5 million in funding led by DeVC, along with high-net-worth investors Ashish Kacholia and Lashit Sanghvi. The capital will be used to expand its product offerings and enhance personalisation capabilities for lawyers across jurisdictions.
“The $5 million round will help us embed legal AI into every interface where lawyers work, and deepen our personalization capabilities to provide a friction-free experience,” Lucio said in a statement.
Adopted by more than 200 organisations globally, including enterprise law firms, in-house legal teams, and boutique firms, Lucio currently supports over 3,000 lawyers in nine jurisdictions. The platform helps legal professionals with drafting, reviewing documents, due diligence, legal research, and translation, saving an average of 30 hours per lawyer each month, according to the company.
“Most legal tech doesn’t fail in demos, it fails at desks,” said Vasu Aggarwal, co-founder of Lucio. “We are building Lucio to disappear into legal workflows, to meet lawyers where they already are and elevate the quality of their output.”
Co-founder Darsan Guruvayurappan added that the company aims to “reimagine the experience for clients, attorneys, and all other stakeholders in the practice of law.”
Investor Ashish Kacholia believes that Lucio’s combination of deep legal expertise and strong technical foundations is helping reshape how lawyers practice and deliver value.
Backed by accelerating adoption and growing market demand, Lucio said it is now preparing for its next fundraise to scale both product development and go-to-market operations.
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