Lexion Scores $60M to Supercharge Legal AI

Legal AI Gets a Major Capital Boost

Seattle-based legal tech startup Lexion has secured $60 million in fresh Series B funding to scale its AI-driven contract management platform. The round was led by Elevation Capital, with participation from existing investors like Khosla Ventures and Madrona Venture Group. This funding pushes Lexion’s total capital raised to nearly $75 million, underlining strong investor confidence in its product-focused, pragmatic approach to legal automation. The company plans to expand its go-to-market teams and accelerate platform development.

From In-House Docs to AI-Infused Efficiency

Originally incubated inside the Allen Institute for AI, Lexion helps legal teams automate repetitive workflows such as contract intake, approvals, and tracking. Its adoption has grown rapidly among mid-market and enterprise companies seeking to streamline legal ops with minimal disruption. With GenAI integrated into its toolset, Lexion can extract insights, summarize contracts, and provide actionable analytics—making legal teams faster and more efficient. The company says usage has quadrupled in the past year.

Looking Beyond Legal Departments

While rooted in legal tech, Lexion aims to become a horizontal platform for operations-intensive roles beyond legal, including sales, procurement, and HR. By refining its AI models and keeping user experience simple, CEO Gaurav Oberoi says the company is “building the Stripe for legal ops.” With the new funding, Lexion plans to double headcount and explore new verticals to fuel further growth.