Wordsmith AI, the Edinburgh-based legal AI startup, has raised a further $14 million, led by new investment from Intact Private Capital, alongside existing investors Highland Europe and Index Ventures. FT Ventures has also become a shareholder.
The company closed its Series B round in June at $70m and the additional investment follows a period of rapid growth, with revenue up by 14 times year-on-year and the platform used by more than 500 companies, including BT, the FT, Sage, Starling and Canva.
The new money should help deepen Wordsmith’s presence in North America, where demand from enterprise legal teams is accelerating, as well as strengthening its footprint in the financial services sector.
Wordsmith AI, now also headquartered in New York, builds AI agents that sit within a company’s legal team, receiving requests, routing them with context, resolving routine work against approved playbooks, and escalating only what requires a human lawyer’s judgment, with every step logged for compliance.
“Every dollar that leaves a legal team and goes to outside counsel is a decision,” said Ross McNairn, co-founder and chief executive of Wordsmith. “Too often, those decisions are made by default rather than by design, because legal teams have never had the infrastructure to handle the work internally.
“Wordsmith gives them that infrastructure – requests come in, AI agents complete the routine work, lawyers approve what requires judgment, and every step is recorded.
“The result is a legal function that keeps more work in-house, spends less on external counsel, and can finally show the business the impact it delivers.”
Alexandra Calinikos, chief investment officer at FT Ventures, added: “FT’s own in-house legal team has chosen Wordsmith as its enterprise legal AI platform, providing the FT’s business faster access to legal support.
“Alongside this operational relationship, FT Ventures is excited to support Wordsmith in their next phase of growth as they deliver the infrastructure to make legal work more efficient for businesses globally.”
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