Tech Company Financing Transactions
Alexi Funding Round
On 6/10/2024, Alexi received $11 million in Series A funding from Drive Capital and Draper Associates.
Transaction Overview
Company Name
Announced On
6/10/2024
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
Drive Capital (Lead Investor) (Chris Olsen)
Proceeds Purpose
The company intends to use the funds to support hiring across engineering, product development, brand and design, legal, and business development teams to continue to innovate and scale its technology.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
10 Dundas Street East 1002
Toronto, Ontario, M5B 2G9
Canada
Toronto, Ontario, M5B 2G9
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Mark Doble and Sam Bhasin founded Alexi out of a drive to make the law more knowable. During law school at Queen's University in Kingston, Canada, Mark became obsessed with AI and natural language processing. It became clear to him that the rate of improvement in foundational technologies made it such that AI would have a profound and positive impact on the legal profession and the system as a whole. Nevertheless, he still saw big technical challenges that few people were working on.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Sam Bhasin
Co-Founder
Mark Doble
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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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