Henchman raises €6,5 million Collection A to assist tomorrow’s lawyer with AI
Belgian authorized tech firm Henchman introduced it has closed a €6,5 million Collection A funding spherical. The spherical is led by the U.S.-based Adjoining VC and German Acton Capital and joined by Conviction VC and several other enterprise angels (together with the Founders of Belgian success story, Showpad and Collibra).
The funding follows on the heels of Henchman’s current GPT-3 integration and shall be used to strengthen its give attention to innovation and develop geographically.
Henchman solves a world downside for legal professionals and authorized professionals with its software program: it intelligently provides entry to authorized groups’ beforehand written clauses and definitions. The founders, Jorn Vanysacker, Gilles Mattelin, and Wouter Van Respaille began engaged on their authorized tech answer in the course of the COVID-pandemic. Henchman has been on a outstanding trajectory since its launch in June of 2021 and has skilled fast adoption and progress over the previous yr: 750% income progress, greater than 100 new prospects in 15 totally different international locations, and a group that grew from 12 to 35 staff.
Henchman helps the lawyer of the longer term present added worth and experience. “When everybody was nonetheless speaking about ChatGPT, we already began implementing the expertise in Henchman,” says Gilles Mattelin, Founding father of Henchman. With the AI-based performance, legal professionals can now use Henchman to complement contracts with new recommendations, translations or grammatical diversifications.
“As we speak now we have the all-star group, the drive and the entourage to take care of our technological lead in fixing a world downside,” states Jorn Vanysacker, Founder at Henchman. The corporate intends to make use of the injection of capital to remain forward of the competitors and enter new markets.
To make that occur, the corporate introduced some new buyers on board: the U.S.-based Adjoining VC, which beforehand invested in corporations similar to BeReal, Revolut and Cowboy, and the German Acton Capital, which beforehand funded Clio and Etsy, are taking the lead on this funding spherical, with participation from a number of enterprise angels, together with Louis Jonckheere & Pieterjan Bouten (founders Showpad), Felix Van de Maele (founder Collibra) and Bram Couvreur (Accomplice at U.S.-based legislation agency Cooley).
“After a couple of reference calls it turned clear that the facility of Henchman is how completely the product suits into the authorized professionals’ current workflow. It’s uncommon to see a SaaS firm win worldwide shoppers this early in its journey, however the groups’ buyer obsession already drove adoption throughout Europe and within the US. I’m excited to group up as we scale to the subsequent degree!” says Nico Wittenborn, Investor at Adjoining VC.
Louis Jonckheere, one of many non-public buyers and founding father of Showpad, is optimistic: “The authorized career is coming into a brand new age with AI. I’m very bullish about Henchman’s potential to take a number one function on this transformation. They’ve the group, expertise and traction to grow to be a dominant international participant.”
Koen Christiaens, managing accomplice at Pitchdrive, who led Henchman’s earlier seed spherical provides: “Greater than a yr in the past, we noticed how Henchman mixed a transparent product market match with a really sturdy and excessive vitality founding group which resulted in lots of glad new prospects. As we speak there’s clear momentum in AI contract drafting and Henchman is able to conquer the world.”
For extra details about Henchman’s contract drafting and negotiation answer, go to henchman.io.