Top.legal successfully closes second financing round

The start-up has raised a seven-figure sum and intends to use the money to further develop its AI.

The start-up Top.legal has announced the completion of its second financing round. It was able to raise a seven-figure sum, although the exact amount was not disclosed. The legaltech intends to use the funds raised to invest in the further development of its AI.

The AI is intended to help entrepreneurs make better data-supported decisions in the negotiation phase of contracts and avoid unnecessary rounds of coordination, complicated legal language and differences between the legal and sales departments. The company, which is mainly staffed by software engineers, has also set itself the goal of bringing more direct contact and personal interaction into contracts. To this end, accompanying information on the product being sold can be integrated into the respective documents at any time - for example via personal videos or explanations.

"The current financing round gives us the opportunity to further establish top.legal as a secure and convenient tool for negotiating and drafting contracts," says Alexander Baron, founder and CEO of Top.legal. "In doing so, we are creating the basis for more valuable relationships between contracting parties and between stakeholders within companies."