Following its seed round this time last year, Belgian legal tech Henchman has picked up another €6.5 million for its assisted contract drafting platform and now has a GPT-3 integration to further accelerate contract work.
The series A round drew interest from the US venture house Adjacent VC and German Acton Capital, both of whom co-led with participation from Conviction VC and multiple angels, including founders of Showpad and Collibra.
Founders Jorn Vanysacker, Gilles Mattelin, and Wouter Van Respaille want Henchman to be 21st century legal's automated helpmate for every contract drafting workload.
Advertised as the "fastest contract drafting experience", further benefits arise from the fact the technology is language and system-agnostic. Since last time Tech.eu was there for a Henchman fundraise, its growth has soared by 750% adding more than 100 new customers in 15 different countries.
Nico Wittenborn, Adjacent VC investor, said: "After a few reference calls it became clear that the power of Henchman is how perfectly the product fits into the legal professionals’ existing workflow.
"It is rare to see a SaaS company win international clients this early in its journey, but the teams’ customer obsession already drove adoption across Europe and in the US. I am excited to team up as we scale to the next level!”
Koen Christiaens, Pitchdrive managing partner, who led Henchman's previous seed round, adds: "More than a year ago, we saw how Henchman combined a clear product-market fit with a very strong and high energy founding team which resulted in many happy new customers. Today there is clear momentum in AI contract drafting and Henchman is ready to conquer the world.”
The series A funds will be used to further Henchman's innovation helping it stay ahead of the competition while spurring further overseas growth.