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

  • 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

  • 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

  • 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

  • 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

Related articles

Energy efficiency startup Domna raises £70m in debut funding round

January 22, 2025

Energy efficiency startup Domna raises £70m in debut funding round

By Miriam Partington
“This must be a wake-up call for Europe”: Tech leaders urge EU to match Trump’s $500bn AI investment plan

January 22, 2025

“This must be a wake-up call for Europe”: Tech leaders urge EU to match Trump’s $500bn AI investment plan

By Miriam Partington and Martin Coulter
A new leash on life: Why dog longevity could be the key to ours

January 22, 2025

A new leash on life: Why dog longevity could be the key to ours

The oppawtunity Podcast banner episode 2
By Steph Bailey
Leonardo DiCaprio-backed VC takes over management of Sky’s climate fund

January 22, 2025

Leonardo DiCaprio-backed VC takes over management of Sky’s climate fund

By Freya Pratty
Starling bolsters c-suite with ex-NatWest exec hire

January 22, 2025

Starling bolsters c-suite with ex-NatWest exec hire

The new hire is the latest C-suite addition since new CEO Raman Bhatia took over the neobank from founder Anne Boden last year

By Tom Matsuda
Is any founder truly happy with their exit?

January 22, 2025

Is any founder truly happy with their exit?

founders step down CEO
By James Routledge
Aleph Alpha raised $500m then ditched the AI race. What comes next?

January 22, 2025

Aleph Alpha raised $500m then ditched the AI race. What comes next?

By Miriam Partington
Europe’s PE-style rollup startups

January 22, 2025

Europe’s PE-style rollup startups

Europe’s PE-style rollup startups
By Freya Pratty and Miriam Partington
Pro
Startups are acting like PE buyout firms – here’s why
Startup LifeAnalysis

January 22, 2025

Startups are acting like PE buyout firms – here’s why

Startups are acting like PE buyout firms – here’s why
By Freya Pratty and Miriam Partington
Pro
EU lawmakers split on DOGE for Europe: ‘We need something like this.’

January 22, 2025

EU lawmakers split on DOGE for Europe: ‘We need something like this.’

By Martin Coulter
UK will ramp up procurement deals with homegrown startups, says tech minister

January 21, 2025

UK will ramp up procurement deals with homegrown startups, says tech minister

By Kai Nicol-Schwarz
Mistral AI is ‘not for sale’ and plans to IPO, says cofounder Arthur Mensch

January 21, 2025

Mistral AI is ‘not for sale’ and plans to IPO, says cofounder Arthur Mensch

By Daphné Leprince-Ringuet
London or New York? Monzo board wrangles over IPO venue

January 21, 2025

London or New York? Monzo board wrangles over IPO venue

Both a US and UK listing are reportedly on the table

By Tom Matsuda
Winning in AI will require millions more GPUs. Can Europe get there?
DeeptechInterview

January 21, 2025

Winning in AI will require millions more GPUs. Can Europe get there?

A photo of Karim Beguir, the cofounder of InstaDeep
By Daphné Leprince-Ringuet
Will Europe see any tech IPOs in 2025? Here are the next candidates

January 21, 2025

Will Europe see any tech IPOs in 2025? Here are the next candidates

Will Europe see any tech IPOs in 2025? Here are the next candidates
By Miriam Partington
Pro
How to continue doing DEI work despite the political backlash

January 21, 2025

How to continue doing DEI work despite the political backlash

How to continue doing DEI work despite the political backlash
By Anisah Osman Britton
As Trump returns, European crypto and defence startups deepen US ties

January 21, 2025

As Trump returns, European crypto and defence startups deepen US ties

By Kai Nicol-Schwarz and Tom Matsuda
These 11 European startups raised more than once in 2024

January 20, 2025

These 11 European startups raised more than once in 2024

Six AI companies had VCs returning for second — and even third — helpings

By Hessa Alabbas
Pro
Prominent French investor Jean De La Rochebrochard joins US-based VC Cassius

January 20, 2025

Prominent French investor Jean De La Rochebrochard joins US-based VC Cassius

By Daphné Leprince-Ringuet and Anne Sraders
The Series A pitch deck template founders need in the AI era
DeeptechAnalysis

January 20, 2025

The Series A pitch deck template founders need in the AI era

photo of Astrid Moullé-Berteaux, investor at VC firm Headline
By Amy Lewin
‘We need a DOGE for Europe!’ Elon Musk’s White House takeover inspires – and divides – Europe’s tech leaders

January 20, 2025

‘We need a DOGE for Europe!’ Elon Musk’s White House takeover inspires – and divides – Europe’s tech leaders

‘We need a DOGE for Europe!’ Elon Musk’s White House takeover inspires – and divides – Europe’s tech leaders
By Daphné Leprince-RinguetMiriam PartingtonAnne Sraders and Martin Coulter
The most active LPs in Europe

January 17, 2025

The most active LPs in Europe

Sifted found out which LPs have been writing the most cheques to VCs in the past 10 years

By Anne Sraders
Pro
IbanFirst broke away from VCs in 2021. Now it’s profitable and eyeing €100m ARR

January 17, 2025

IbanFirst broke away from VCs in 2021. Now it’s profitable and eyeing €100m ARR

By Daphné Leprince-Ringuet
The unicorns that could be due a fundraise in 2025
Startup LifeAnalysis

January 17, 2025

The unicorns that could be due a fundraise in 2025

Sifted earmarks the billion dollar companies that haven’t raised since 2022 and could be on the hunt for VC cash

By Kai Nicol-Schwarz
Pro