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$7 million Series A to support tomorrow’s lawyer with AI

Legal tech company Henchman announced it has closed a $7 million Series A funding round, bringing its total to $10 million to become the industry-leading contract drafting and negotiation solution.

Innovation, growth, and geographical expansion

The capital injection will be used to support continued company growth and to further drive innovation in its platform that automates the search for relevant clauses and definitions when drafting legal contracts. The round is led by Adjacent (US) and Acton Capital (DE) and joined by Conviction VC (UK) and several business angels (including the Founders of Belgian success stories Showpad and Collibra). The funding follows hot on the heels of Henchman’s recent GPT3 integration and will be used to strengthen its focus on innovation and expand geographically.

Henchman helps the lawyer of the future provide added value and expertise. When everyone was still talking about ChatGPT, we already started implementing the technology in Henchman,” says Gilles Mattelin, Founder of Henchman. With the AI-based functionality, lawyers can now use Henchman to enrich contracts with new suggestions, translations or grammatical adaptations.

Who's involved?

  1. About Adjacent

    Adjacent is an early stage VC fund investing across Europe and the US. It was started by Nico Wittenborn in 2019 after years with Point Nine in Berlin and Insight Partners in NYC. You can learn more on www​.adjacent​.com and by following @adjacent.
  2. About Acton Capital

    Acton Capital is a leading growth venture capital investor based in Munich. Since 1999, the Acton team has been investing in technology-based startups with proven business models from Europe and North America. With more than two decades of investment experience and an in-depth understanding of digital transformation across a wide range of industries, Acton Capital has already supported around 100 start-ups such as AlphaSights, Clio, Etsy, HomeToGo, Mambu, Momox, Mytheresa or Zooplus on their way to international market leadership.
  3. About Conviction VC

    Conviction Venture Capital, part of Conviction Investment Partners, invests in post revenue B2B Software as a Service (SaaS) Ventures. Our focus is early-stage post revenue, product market fit, European businesses with high revenue growth potential. Conviction are a team of 15 with nearly 200 years of investing experience, with inhouse legal and compliance and full end to end investing capabilities. Since 2017, we have deployed over $100m under the Conviction umbrella across >20 portfolio companies. Conviction was built on the back of a syndicate of 150 investors and family offices that have been following the investments made by the GPS since the early 2000s as independents.
  4. About Henchman

    Henchman is the fastest contract drafting experience ever made. Using state-of-the-art technology, Henchman intelligently gives access to legal teams’ previously written clauses and definitions.

    Henchman employs 35 employees, has 100 customers in 15 different countries, and is founded by Gilles Mattelin (former Founder Intuo, acquired by Unit4 in 2019, Co-Founder Tout Bien Pils), Jorn Vanysacker (former CMO Intuo, former co-founder Rendeevoo) and Wouter Van Respaille (former PWC).