Sten Tamkivi’s and Taavet Hinrikus’s Plural invested in British legtech Robin AI

Plural, founded by Estonian entrepreneurs Sten Tamkivi (founder of software company Teleport, former Skype executive) and Taavet Hinrikus (money transfer service Wise founder), invested in British Saas platform Robin AI, which helps companies with contract drafting and editing. Plural led a $10,5M round with other business angels participating in the deal. 

Robin AI is a SaaS startup that uses a machine learning model that it had trained on the data of 4,5M of legal documents and is currently supervised by 30 lawyers. It claims it can reduce companies’ legal fees by up to 75%.

The investment will be used on the partial acquisition of Israeli legal tech platform Lawgeex to get its enterprise customers from UBS, PWC, and Pepsi, on further research and development of the platform, hiring across sales managers, legal and engineering specialists, and opening an office in New York.

Plural is a €250 million early-stage venture fund started by Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui in 2022. It focuses on leading early-stage rounds between €1 and €10M.

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