Legaltech App4Legal raises funds from UAE-based Aditum Ventures

UAE-based legaltech App4Legal raised an undisclosed amount in a funding round led by UAE-based Aditum Ventures, part of Aditum Investment Management Limited.

The fresh funds will be used towards its ongoing tech innovation, particularly in AI-driven solutions, and growth activites in European market, according to a statement on Wamda.

“We believe this next step of App4Legal's journey of establishing European operations is only the beginning of its vision," said Lachlan Hughes, Head of Venture Capital at Aditum in the statement.

App4Legal provides comprehensive legal practice management and contract lifecycle Management solutions across various industries and jurisdictions.

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It offers a range of products, including App4Legal Core—a highly configurable Legal Practice Management Software, and Contra, a next-generation Contract Lifecycle Management (CLM) and Document Automation software.

It uses AI to streamline the process of generating and executing agreements and documents, facilitating remote collaboration. Contra's AI capabilities include machine learning, natural language processing, and automation, saving time and resources while minimizing risks and maximizing compliance.

The software supports multiple languages, currencies, devices, and operating systems, and is available on-cloud, Private SaaS, and on-premises.

App4Legal also offers add-ons and integrations with daily tools and apps like Outlook, Gmail, Microsoft Teams, Webex, Zoom, Microsoft Word, and Office 360. The company's innovative approach to contract management has led to significant advancements in the legal industry.

It serves more than 1,400 organisations across 67 countries, including banks, telecoms, airlines, governments, and law firms across various industries.