Brightflag, the intelligent platform for modern legal departments, is excited to announce that we have raised $8,500,000 Series A funding. The round was led by Sands Capital Ventures with participation from existing investors Frontline Ventures and Tribal Ventures.
The funds will be used to continue Brightflag’s rapid global growth. Brightflag provides leading organizations like Uber and Telstra with an A.I. powered platform to manage their corporate legal department.
Brightflag has tripled in size year on year since product launch in 2015 and has rapidly become the market leading platform for forward-thinking legal departments.
The investment round will enable Brightflag to further capitalize on our position as a global leader in the legal technology industry by recruiting new team members across our offices in Dublin, New York, and Sydney. The roles will be created throughout the organization’s engineering, data science, and growth teams.
This round brings the total amount raised by Brightflag to $11 million, including participation from Enterprise Ireland.
Brightflag’s platform provides legal teams with a system of record and allows them to automate previously manual processes like invoice review using A.I. technology. The data created by Brightflag’s A.I. is used to help control legal spend and provides in-depth analytics on the type of legal work delivered by the department to help with decision making.
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