Legal technology startup Moritz has raised $9 million in an oversubscribed funding round following participation in Y Combinator. The round was backed by investors including 20VC, Urban Innovation Fund, and Inception, alongside a group of 20 unicorn founders.
Founded by Pamir Ehsas and Stefan Mandaric, the company aims to address inefficiencies in legal services.
Moritz combines artificial intelligence with a network of experienced lawyers to deliver commercial legal services more efficiently. Its platform allows clients to submit legal requests, after which automated workflows handle a significant portion of the work, with qualified lawyers reviewing and finalising outputs.
The model is designed to reduce turnaround times and offer predictable pricing compared to traditional hourly billing.
Our AI handles the majority of the work, while lawyers review and finalise it. Customers receive full legal accountability, fast turnaround, and transparent pricing,
said Ehsas.
He added that the company’s long-term goal is to make high-quality legal services widely accessible within minutes, describing the current stage as only the beginning of a broader strategy.
Since launch, Moritz reports that it has supported more than 100 companies in closing agreements representing over $2 billion in aggregate contract value across Europe, the United States, and Australia.
The company plans to use the funding to further develop its platform, expand its network of legal professionals, and scale operations across key markets. Over time, it aims to extend its services beyond commercial law to cover a wider range of legal use cases.
Would you like to write the first comment?
Login to post comments