Launching from Bucharest, legal tech startup Goodlegal officially joined the scene today with the launch of its "legal infrastructure platform", aimed at providing an oven-ready software framework for legal squads, enabling them to stay compliant while using its advanced legal house technologies.
The product launch was announced alongside a €1.2 million pre-seed investment, including Earlybird Digital East Fund, which has knowledge of Goodlegal's Vasile Tiple through the robotic process automation company UiPath.
Tiple, who once served UiPath as legal counsel, helping to apply RPA-led legal innovations, tells Tech.eu: "Our immediate goal is to be the go-to legal platform for all startups and help them freely achieve the next stage in their company evolution, while medium and long-term goals include large enterprises for which we are developing various integrations, creating a Goodlegal ecosystem for any company irrespective of its size or industry.”
Earlybird's fund is leading the pre-seed raise. The other participants are CEE-focused VC fund Underline Ventures, Credo Ventures and UiPath co-CEO Daniel Dines.
Billed as a "one-stop-shop for legal compliance," the Goodlegal product has a drag-and-drop editor for building legal texts, as well as offering e-signature functions for contracts, and automation tools.
But where the product really shines is the editor and text analysis, and the ability for lawyers and their teams to check every legal text complied through its software against legally compliant standards.
Goodlegal's focus on compliance should allow it to court business at every end of the legal spectrum, taking on both law firms and in-house lawyers, who take care of an organisation's internal legal affairs.
On booting up the software, a Goodlegal customer is asked to establish their desired legal framework using templates from the software content library, or custom content that can be uploaded and enforced into the compliance interface.
More advanced users will find support for "all the legal issues", and from multiple legal perspectives, both covering technical work and the point of view of a specialised legal partner.
Workloads can be shared within enterprise networks, and there's also support for HR concerns like employment agreements, bringing the software in touch with non-legal company employees.
Goodlegal is taking aim at a legal tech market it sees as lacking "bigger picture" thinking on legal compliance, as its peers have tended to focus on "specific" features for sub-sections of legal practice.
Ultimately the goal is for Goodlegal to become an "industry-accepted" legal operating system. And to that end Goodlegal is now springing from the pre-seed raise to embark on an ambitious features roadmap, for example automated document reads through use of natural language processing.
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