Alexi secures CAD $4.5M Debt Facility from TD Innovation Partners to expand AI litigation platform
Alexi provides an AI-powered litigation platform designed to assist legal teams with research memos, pinpointing legal issues, and automating routine litigation tasks.
Company name: Alexi
Location: Toronto, Canada
Industry: Legal
Funding details:
- Amount: CAD $4.5M (Debt Facility)
- Investor: TD Innovation Partners (TDIP)
- Additional funding: CAD $15M Series A raised in 2024, led by Drive Capital
Purpose of investment:
- Drive continued growth
- Accelerate product development
Leadership:
- CEO & Founder: Mark Doble
Product:
Alexi provides an AI-powered litigation platform designed to assist legal teams with research memos, pinpointing legal issues, and automating routine litigation tasks.
Key features:
- AI-driven legal research to identify relevant case law and arguments
- Automation of routine litigation tasks, allowing lawyers to focus on strategy
- Proprietary AI technology built for efficiency and accuracy
Customers:
- McLeod Law
- Oatley Vigmond LLP
- Stewart McKelvey
Future plans:
With this funding, Alexi aims to enhance its AI capabilities, expand its reach among legal professionals, and continue innovating in the litigation technology space.
