Blue J Legal has announced that the company has raised USD 7m in a Series A financing round led by Relay Ventures, with participation from Silicon Valley-based LDV Partners, and returning investors Mistral Venture Partners and BDC Capital, the company said.
Blue J Legal will use this injection of capital to establish a foothold in the US market, expand and enhance its product suite, and grow its go-to-market and product development teams.
Since its inception in 2015, the team at Blue J Legal has grown to more than 30 employees. Over the past two years, the company has signed on more than 100 clients for its Tax Foresight and Employment Foresight products. Osler, Hoskin & Harcourt LLP, Fasken, Gowling WLG, Miller Thomson LLP, and Collins Barrow are among the market-leading law and accounting firms that rely on these products, which are powered by machine learning and artificial intelligence (AI).
Blue J Legal´s growth is buoyed by the success of its Tax Foresight and Employment Foresight solutions. Tax Foresight helps tax professionals determine the strength of their tax position by applying AI to previous judicial decisions and allowing practitioners to find cases by facts and outcomes instead of keywords or citations. Employment Foresight, which launched late in 2017, gives employment lawyers and in-house counsel clarity on how the courts would resolve challenging employment law issues.
Blue J Legal uses machine learning and artificial intelligence to make the law more transparent and accessible. The company´s technology saves users hours of time and offers confident answers in challenging circumstances. While the company´s initial focus is on tax and employment law, the technology is versatile and is being extended to cover other areas of law in the US, Canada, and around the world. For more information, visit www.bluejlegal.com.