Duely Secures €1.1 Million in New Funding Round
Duely, a company specializing in AI-powered legal services for mergers and acquisitions (M&A), has successfully raised €1.1 million in its latest funding round. The round was led by Scalefund and Golden Egg Check, with additional participation from investors ML6, finance, and M.
What Duely Offers
Duely provides AI-native legal services that streamline various aspects of M&A transactions. The company's proprietary AI technology assists in data room preparation, due diligence reports, gap analyses, and contract reviews. These services are enhanced by a team of legal experts, enabling Duely to deliver high-quality results at reduced costs.
Founders and Leadership
The company was co-founded by Michiel Koninck and Michiel Van Lerbeirghe. Commenting on the new funding, Michiel Koninck expressed optimism about the company's growth potential, stating, "This investment allows us to expand our platform and reach more clients across Europe."
Strategic Use of Funds
The newly acquired capital is earmarked for expanding Duely's AI-native legal services platform throughout Europe. The company aims to enhance its technology and legal expertise to further streamline due diligence, document review, and transaction workflows.
Investor Confidence
The involvement of prominent investors such as Scalefund and Golden Egg Check highlights the growing confidence in Duely's innovative approach to legal services in the M&A sector. By leveraging AI technology, Duely is well-positioned to meet the evolving needs of businesses engaged in complex transactions.
Looking Ahead
With this new funding, Duely plans to continue developing its platform to offer even more efficient and cost-effective solutions for M&A legal services. By expanding its reach across Europe, the company seeks to become a leading provider in the legaltech industry.