B2B SaaS
Q3 202408.08.2024

Legal & Regtech (Q3 2024)

Picture of Federico Scolari

Federico Scolari

at Sifted

The legaltech scene has been devoid of innovations for decades, but the AI opportunity has drastically expanded serviceable markets. It’s a rich legacy industry, and its ancient roots may make it hard for startups to break into, but it’s equally hard to imagine a future without full-scale automations and efficiency improvements.

It’s also one of the industries that naturally lends itself to AI applications: law firms rely on deep archives of data-rich documents, with paralegals and qualified lawyers sinking long hours on automatable activities — including summarisation and data extraction.

Where will billable hours go? That’s still uncertain, and it’s one of the reasons why legaltech adoption has been slower than other markets. But it’s also an opportunity to expand the client base to tech-first lighter services for SMEs and unlock secondary revenue streams.

All in, it’s one space that we’ll hear a lot more about in the future: the lack of domestic success stories suggests that we’re yet to experience the full potential of tech for Europe’s legal systems.

20 startups to watch

  • RightHub logo

    Sifted score

    7.91
    -

    RightHub

    • Serial founder(s)
    • Hiring

    • Year founded

      2021

    • HQ

      London, United Kingdom (England)

    • Latest round

      Seed
      €1.5m / Mar 2023

    • Total funding

      €13.6m

    View company profile
  • Fides Technology GmbH logo

    Sifted score

    7.83
    -

    Fides Technology GmbH

    • Strong investor(s)
    • Serial founder(s)
    • Hiring

    • Year founded

      2021

    • HQ

      Munich, Germany

    • Latest round

      Seed
      €7m / Oct 2022

    • Total funding

      €7m

    View company profile
  • Leya logo

    Sifted score

    7.35
    -

    Leya

    • Strong investor(s)
    • Hiring

    • Year founded

      2023

    • HQ

      Stockholm, Sweden

    • Latest round

      Series A
      €25m / Jul 2024

    • Total funding

      €36m

    View company profile
  • Truvity logo

    Sifted score

    7.3
    -

    Truvity

    • Serial founder(s)
    • Hiring

    • Year founded

      2023

    • HQ

      Amsterdam, The Netherlands

    • Latest round

      Seed
      €8m / Jun 2023

    • Total funding

      €8m

    View company profile
  • Enzai logo

    Sifted score

    6.62
    -

    Enzai

    • Strong investor(s)
    • Hiring

    • Year founded

      2022

    • HQ

      Belfast, Northern Ireland

    • Latest round

      Seed
      €3.6m / Sep 2023

    • Total funding

      €4.2m

    View company profile

Related articles

AI is turning finance from reactive to proactive
Artificial intelligencePaid for and produced by

October 14, 2026

AI is turning finance from reactive to proactive

AI is turning finance from reactive to proactive
Paid for and produced by Intuit QuickBooks
How I became a community manager at Lovable
Startup lifeInterview

October 14, 2026

How I became a community manager at Lovable

How I became a community manager at Lovable
By Éanna Kelly
What US Big Tech taught me about leading a startup — and what I had to unlearn
Startup lifeOpinion

October 14, 2026

What US Big Tech taught me about leading a startup — and what I had to unlearn

What US Big Tech taught me about leading a startup — and what I had to unlearn
By Ben Chisell
‘There's never a right time to start’: Why founders don’t need a master plan before starting a business
Startup lifeSponsored by

October 14, 2026

‘There's never a right time to start’: Why founders don’t need a master plan before starting a business

‘There's never a right time to start’: Why founders don’t need a master plan before starting a business
Sponsored by OpenPayd
‘Fundraising is uncapped here’: Why Europe’s quantum founders are bullish about building homegrown champions
QuantumAnalysis

October 14, 2026

‘Fundraising is uncapped here’: Why Europe’s quantum founders are bullish about building homegrown champions

By Daphné Leprince-Ringuet

Pro

14 Portuguese fintech startups to watch, according to VCs
FintechInvestor survey

October 14, 2026

14 Portuguese fintech startups to watch, according to VCs

The number of fintech startups in the country has grown more than 10x over the past decade

By Damisola Sulaiman

Pro

The 68 most promising impact startups in Europe, according to investors
Climate techExclusive

October 14, 2026

The 68 most promising impact startups in Europe, according to investors

Jacob Nathan and Doug Kell, the founders of Epoch Biodesign.
By Freya Pratty

Pro

Where Europe's most active pre-seed investors are looking next
Venture capitalInterview

October 14, 2026

Where Europe's most active pre-seed investors are looking next

By Oshin Narang

Pro

UK’s first VC fund for refugee founders launches, backed by Atomico
Venture capitalNews

October 14, 2026

UK’s first VC fund for refugee founders launches, backed by Atomico

By Martin Coulter
Nvidia announces billion-dollar investments in European tech
Artificial intelligenceNews

October 13, 2026

Nvidia announces billion-dollar investments in European tech

By Daphné Leprince-Ringuet
‘People just don’t care’: why fintech sovereignty won’t work in Europe
FintechAnalysis

October 13, 2026

‘People just don’t care’: why fintech sovereignty won’t work in Europe

Sifted Summit fintech sovereignty
By Damisola Sulaiman

Pro

Five Luxembourg companies turning traction into growth
Startup lifePaid for and produced by

October 13, 2026

Five Luxembourg companies turning traction into growth

Five Luxembourg companies turning traction into growth
Paid for and produced by Luxinnovation
Inside SF's growing ecosystem for European founders
Venture capitalFeatures

October 13, 2026

Inside SF's growing ecosystem for European founders

I found an entire ecosystem of investors, accelerators and founder communities geared towards helping Europeans make the move

By Maya Dharampal-Hornby
What will it take for Europe to win in physical AI?
Artificial intelligenceAnalysis

October 13, 2026

What will it take for Europe to win in physical AI?

Physical AI is booming in Europe, but success will be defined by incumbents’ willingness to adopt the technology

By Daphné Leprince-Ringuet

Pro

This ex-Pleo exec plans on taking on US rivals with his ‘AI CFO’ startup
FintechInterview

October 13, 2026

This ex-Pleo exec plans on taking on US rivals with his ‘AI CFO’ startup

Jonathan Sanders Light
By Damisola Sulaiman

Pro

Where the next big companies in Europe could come from, according to US investor
Venture capitalInterview

October 13, 2026

Where the next big companies in Europe could come from, according to US investor

Abby Meyers of Bain Capital Ventures
By Anne Sraders

Pro

Stryker to invest $400m in CMR Surgical, with option to buy it outright
RoboticsNews

October 12, 2026

Stryker to invest $400m in CMR Surgical, with option to buy it outright

By Tom Nugent
Energy unicorn 1Komma5 raises €70m as IPO plans remain on ice
Climate techNews

October 12, 2026

Energy unicorn 1Komma5 raises €70m as IPO plans remain on ice

By Martin Coulter
UK government mulls compulsory AI safety reporting
Policy and regulationNews

October 12, 2026

UK government mulls compulsory AI safety reporting

AI minister Kanishka Narayan is expected to warn that developers must do more to control increasingly autonomous models

By Martin Coulter
European consumers are begging for better customer support
Artificial intelligencePaid for and produced by

October 12, 2026

European consumers are begging for better customer support

European consumers are begging for better customer support
Paid for and produced by Parloa
Europe’s fastest-growing fintechs are queueing up for growth-stage funding rounds
FundingSifted data

October 12, 2026

Europe’s fastest-growing fintechs are queueing up for growth-stage funding rounds

A picture of Griffin's founders.
By Ruggero Di Spigna

Pro

The ‘biggest threat’ China poses for European startups isn’t what you think
DeeptechInterview

October 12, 2026

The ‘biggest threat’ China poses for European startups isn’t what you think

By Anne Sraders

Pro

Exclusive: Project Europe leads step down as fund readies next chapter
Venture capitalExclusive

October 12, 2026

Exclusive: Project Europe leads step down as fund readies next chapter

By Martin Coulter

Pro

Scarcity is the mother of European AI invention
Artificial intelligenceSifted View

October 12, 2026

Scarcity is the mother of European AI invention

Headshot of John Thornhill, Sifted's cofounder and editorial director.
By John Thornhill

Pro