The new funding will support Definely's expansion into the U.S., which currently contributes 30% of its revenue, and further investment in AI development and hiring. Emelifeonwu, a Nigerian immigrant, sees this achievement as a significant milestone, particularly for Black founders who are underrepresented in venture capital. He hopes Definely's success will inspire other non-traditional entrepreneurs to pursue impactful ventures.
Key takeaways:
- Definely, an AI legal tech startup founded by Nnamdi Emelifeonwu and Feargus MacDaeid, raised $30 million in Series B funding to expand its operations and enhance its AI capabilities.
- The company offers a productivity suite for lawyers, including features like Draft, Vault, Proof, and PDF, to streamline the legal drafting and review process.
- Definely plans to use the new funding to expand into the U.S. market, which currently accounts for 30% of its revenue, and to invest further in AI development and hiring.
- Nnamdi Emelifeonwu, a Nigerian immigrant in the U.K., aims to inspire other Black founders by demonstrating that significant venture capital can be raised to build a global business.