Spellbook Raises $50M in Series B

Spellbook has successfully raised $50M in a Series B at a $300M valuation led by Inovia Capital, Moxxie Ventures.

Company Overview

Spellbook is a LegalTech company headquartered in Toronto, Canada, founded in 2022 with 80+ employees.

AI platform for legal contract review and drafting automation

Fundraising Details

Amount Raised: $50M
Round Type: Series B
Valuation: $300M
Date: 2025-10-09
Investors: Inovia Capital, Moxxie Ventures

About Spellbook

AI platform for legal contract review and drafting automation The company is positioned in the LegalTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Toronto, Canada
Founded: 2022
Team Size: 80+
Industry: LegalTech

What This Means

This funding round demonstrates strong investor confidence in Spellbook's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The LegalTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Spellbook's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $300M valuation marks an important milestone for Spellbook, positioning the company among notable players in the LegalTech industry.

Looking Ahead

With this new capital, Spellbook is well-positioned to execute on its growth strategy and continue building innovative solutions in the LegalTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-09. For more information about Spellbook, visit their headquarters at Toronto, Canada.