Pocketlaw Raises New Funding Round to continue driving AI development 
- welcomes Willard Ahdritz as new investor and board member

Pocketlaw, the leading provider of AI-first legal tech solutions, has closed a funding round to accelerate its AI product development and expansion across Europe, addressing the rising demand for AI-driven legal solutions. The round included participation from existing investors such as Atomico, along with new investors, including one of Sweden’s leading tech entrepreneurs with global experience, Willard Ahdritz, founder of Kobalt Music Group.

Pocketlaw has significantly invested in AI over recent years, with development led by Faruk Sahin, former VP Engineering at Sana and Emil Nordh, Director of Engineering, delivering one of the market's most advanced legal tech solutions. Kira Unger Söderlind, shares: “AI has completely transformed the legal tech landscape, driving enormous demand for AI-powered solutions. Backed by our investors, we’re excited to continue developing the most prominent technology in the market”.

Forecasts predict the global legal tech market will more than double in five years, aligning with the growth emphasized by Olga Beck-Friis, Co-founder: "With our new AI products, we’re seeing explosive adoption of AI amongst our users. In just the past six months, usage has increased by over 1200%.” 

Ben Blume, partner at Atomico, and board director in Pocketlaw adds: “Pocketlaw have fully embraced the opportunity to use state of the art AI to develop truly innovative and valuable products for their customers, and are now seeing this bear fruit in their rapidly increasing adoption and engagement”. Richard Wolff, Chief Legal Officer at Cambio, shares his firsthand experience: “With Pocketlaw, we’ve centralized all legal data and made AI accessible in daily workflows for our teams, which has significantly increased efficiency.”

Pocketlaw’s platform combines contract management with advanced AI, offering tools like contract review, playbook comparison, and data extraction to seamlessly integrate AI into workflows. Peter Coyet, CIO at Mannheimer Swartling, says: “Pocketlaw stands out for its comprehensive features and user-friendly interface. We see significant potential in their AI capabilities.”

New investor Willard Ahdritz, who will also take a seat in the company’s Board of Directors, commented: “By implementing a centralized platform for data, intellectual property, and collection technology across over 200 countries at Kobalt Music, I’ve witnessed firsthand the extensive legal work required to manage such operations. Today, legal functions have evolved from being mere cost centers to becoming critical components for scaling and driving global revenue in an increasingly complex legal environment. Enter Pocketlaw, transforming legal workflows through technology.” 

Pocketlaw aims to continue leading the transformation of the legal tech sector in Europe by providing companies with intuitive, AI-driven tools that significantly enhance their efficiency and meet their needs in a rapidly changing business environment.

About Pocketlaw
Pocketlaw is an AI-first legal tech company on a mission to reimagine legal work for every team. Pocketlaw enables companies to centralise legal processes and automate and scale contract management by providing intuitive self-serve tools, automation, data and AI. Pocketlaw is headquartered in Stockholm with offices in London. 

For media inquiries, please contact:
Hanna Hansson, GTM Lead
hanna.hansson@pocketlaw.com