10 active legal tech investors in India
10 active legal tech investors in India

Any entrepreneur knows that capital is – more often than not – a crucial ingredient for successful innovation. Great ideas alone cannot bring about long-term growth, so the efficient use of capital (whether raised or generated) is critical. Among the major – and indispensable – startup costs for legal tech companies are personnel, equipment, work space (home or an office), and permits, licences, and other ongoing compliance costs. The absence of any of these expenses in the long run is detrimental to the company and is no way to conduce sustainable growth. Raising capital to meet these costs, therefore, is imperative if continued and impactful innovation is the goal.

To assist companies in this regard, I have compiled below a list of legal tech investors in India with links to their websites and some brief notes on companies they have invested in.

1. Stellaris Venture Partners

Established in 2016, Stellaris Venture Partners is a technology-oriented venture capital firm with locations in both Bangalore and Delhi. Along with Kalaari Capital, the company has provided seed funding of 24 crore rupees to Signzy, as well as many other founders. Signzy is a platform that uses artificial intelligence (AI) and blockchain to assist banks, nonbank financial companies, and other financial institutions with digital compliance.

2. Kalaari Capital 

Kalaari Capital is a Bangalore-based advisory team that invests in budding technology-oriented startups. They are one of the leading legal tech investors in India. One of its investments was in the legal tech startup, Vakilsearch, totalling 11 crore rupees in March 2016 made with Dr. Agarwal’s Group. Vakilsearch provides legal services, such as drafting rental and employment agreements, and mainly focuses on business clients.

3. TiE Angels Mumbai 

The Indus Entrepreneurs (TiE) is a Mumbai based setup owned by Sanjay Mehta and Dewang Narella. It facilitates stage funding for tech startups. They have recently extended funding of 25 lakhs rupees to IPHawk, who secured the funding through TiE’s annual flagship funding. This startup uses AI to monitor and detect IP threats, and provides legal assistance for clients to respond to these threats.

4. Indian Angel Network 

Indian Angel Network is a Delhi-based platform that provides funding to early-stage startups. Founded in 2006, it has a well-networked team of around 450 members. It has made many angel investments in startups, such as Propelld, Knudge.me, PregBuddy, and Pandorum. Recently, it gave seed funding to LawRato. This is an online platform that helps connect clients with lawyers to mobilise access to professional legal advice.

5. JSS Step Business Incubator, Noida 

JSS Step Business Incubator is India’s first technology-based incubator, set up by the Department of Science and Technology (DST). They have graduated over 100 startups and are currently incubating over 30. Towards the end of 2019, it made a seed investment of 20 lakh rupees in mLeAP, an AI-enabled legal analytics platform.

6. Mumbai Angels Network 

The Mumbai Angels Network was established in 2006 and typically invests in tech-based platforms. It has a team of around 300 members and has offices in several cities, including Mumbai, Delhi, and Bangalore. The organisation has recently invested into Gurugram-based startup Leegality, which is an e-signing and digital document workflow platform.

7. Calcutta Angels Network 

The Calcutta Angels Network mainly provides funding to technology-based startups in West Bengal and surrounding regions. It recently collaborated with Mumbai Angel Networks and, along with other investors, has made an investment in MyAdvo, a platform that connects individuals with lawyers.

8. Udaan 

Udaan is a B2B e-commerce platform that provides funding for small and medium enterprises. Just this year, it funded Vakilsearch, the above-mentioned online platform for legal, tax and compliance services.

9. WaterBridge Ventures 

WaterBridge Ventures is another platform that provides funds to entrepreneurs working primarily in tech-based startups. It recently invested 3 crore rupees in Legitguest, which has developed a legal search engine that uses artificial intelligence and neural networks to organise and structure masses of legal information.

10. 021 Capital 

021 Capital is a venture capital firm that mainly invests in tech-based startups, and is backed by Binny Bansal, one of India’s most famous internet entrepreneurs. 021 Capital recently led a funding round in Gurugram-based startup, SpotDraft. This is an end-to-end contract lifecycle management platform, helping businesses automate their contract analysis, management and creation processes.

Know more about legal tech investors in India

With legal tech investors being so critical to the success of legal tech startups in India (and elsewhere), we will continue to cover investor news and provide advice to companies looking for funding. You can stay in the loop with the investment news and other developments in the Indian legal tech ecosystem by subscribing to the ILT newsletter.

  • No comments yet.
  • Add a comment
    Share on linkedin
    Share on facebook
    Share on twitter
    How to use a legal virtual assistant to power up a law firm
    Considering hiring a legal virtual assistant for your law firm? Read this quick guide to find key efficiencies and maximize value of outsourcing repetitive tasks with a law firm virtual assistant.
    Innovating justice delivery through technology: Lessons for India from Dutch Courts [Q&A with Dory Reiling]
    Dory Reiling Ph.D. Mag.Iur. is an independent judicial reform expert specialising in the application of technologies in courtrooms. ILT was privileged to be able to interview Dory about some of the challenges currently faced by Indian courts and what lessons might be learnt from best practices in the Netherlands.
    The end of lawyers? GPT-3’s impact on the legal profession
    GPT-3 is a revolutionary technology, but will it realistically revolutionize the legal profession? Here’s a look at how AI language tools might affect lawyers in the future.
    The difference between legaltech and lawtech
    The terms may sound the same, but the legal tech v law tech debate has some meaningful implications. Read on to discover why the experts think this is so.
    Cyril Amarchand announces Prarambh 2.0, it’s flagship legal tech incubator: Here’s all you need to know
    Prarambh is CAM’s flagship legal tech incubator and has just announced its second edition. This write-up is an evolving one, and will capture further details as and when they are announced. In the meantime, here’s what we know.
    Introducing Bernstein for law firms – A better way to manage your clients’ IP
    Bernstein, a German software product, is a powerful white label tool for lawyers and law firms to help manage their clients’ intellectual property, and differentiate their services. They have just started operations in India.

    Contact business

    Apply Now

    Resume / CV (upload)

    Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged

    Join our mailing list

    Receive our latest content, industry news and legal tech insights right in your inbox.