SpeedLegal
SpeedLegal is an AI-Powered Contract Management Platform that helps CFOs, COOs, CEOs, GCs and busy professionals understand their contracts and verify that each term complies with market standards. .
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
€230k | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 42 % | 5 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
SpeedLegal is a cutting-edge startup that leverages artificial intelligence (AI) to simplify the often complex and time-consuming process of contract review and analysis. The company’s platform quickly understands and clarifies each clause in a contract, ensuring that all terms comply with market standards. This allows businesses and individuals to focus on their core activities rather than getting bogged down in legal details.
SpeedLegal primarily serves small to medium-sized enterprises (SMEs), legal professionals, and individuals who frequently deal with contracts but may not have the resources to hire full-time legal assistance. The company operates in the legal tech market, a rapidly growing sector that combines technology with legal services to improve efficiency and accessibility.
The business model of SpeedLegal is subscription-based, offering various pricing packages to meet different needs. For individual contracts, the pricing starts at $23.95 for a 50-page contract, with additional costs for longer documents. For more frequent users, there are monthly and annual subscription plans. The monthly plan costs $39.99 and includes up to 20 contracts per month, while the annual plan is priced at $399.99 for up to 240 contracts per year. Both plans have additional charges for contracts exceeding a certain page limit.
SpeedLegal makes money through these subscription fees and per-contract charges. By providing a cost-effective solution for contract review, the company offers significant value to its clients, saving them both time and money.
In summary, SpeedLegal is revolutionizing the way contracts are reviewed and managed, making legal processes more accessible and efficient for businesses and individuals alike.
Keywords: AI, contract review, legal tech, SMEs, subscription model, market standards, efficiency, cost-effective, legal assistance, document analysis.