Wordsmith AI has raised a £10 million extension to its Series B, led by new investor Intact Private Capital alongside existing investors Highland Europe and Index Ventures. FT Ventures has also become a shareholder in Wordsmith.
Built exclusively for in-house legal teams, the platform takes a different approach to legal AI startups that serve both law firms and corporate legal departments. Wordsmith believes the two markets require fundamentally different products: law firms manage external matters and operate around billable hours, while in-house teams need to resolve more work internally, control outside counsel spend, and provide faster support to every part of the business. Requests come in, AI agents complete the routine work, lawyers approve what requires judgment, and every step is recorded.
Revenue has grown 14x year over year and the platform is now used by more than 500 companies, including BT, FT, Sage, Starling, Canva, and Safelite. Enterprises serving more than 10,000 employees are running on Wordsmith today, with customers seeing seven-figure savings in outside counsel spend in the first weeks of use. Teams that previously spent 70 to 80 percent of their week on routine work are reclaiming that time for higher-value matters, and regulatory and multi-jurisdiction questions that once went straight to external counsel are now handled in-house first.
The funding deepens Wordsmith's presence in North America, where demand from enterprise legal teams is accelerating, and strengthens its footprint in the financial services and insurance sectors.
Every dollar that leaves a legal team and goes to outside counsel is a decision. 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.
Intact Private Capital is excited to support Wordsmith at this stage of growth. In-house legal teams at financial services and insurance companies need legal infrastructure that can operate at enterprise scale while maintaining the control and auditability required in highly regulated environments. Wordsmith is built precisely for that challenge, with a deep understanding of how these organizations work and the infrastructure to match.
Wordsmith's solutions for in-house legal teams are rethinking not only how lawyers work, but also how commercial and legal teams engage with each other. 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.
