Additional investment in LegalForce, an AI-powered contract review service provider
Dream Incubator Inc. (headquartered in Chiyoda-ku, Tokyo; Takayoshi Yamakawa, President and Representative Director; “DI”) hereby announces that it has made an additional investment in LegalForce, Inc. (headquartered in Chiyoda-ku, Tokyo; Nozomu Tsunoda, Representative Director; “LegalForce”), a provider of AI-powered contract review support software, through a series B funding round.
Since its founding in April 2017, LegalForce has been providing eponymous cloud-based contract review support software that utilizes natural language processing, the first in Japan, with the motto of “surprise and impress professionals.” The software provides support for a comprehensive range of contract-related operations, from instantly identifying risks hidden in contracts and finding examples of amendments to managing contracts, and hence enhances the quality and efficiency of legal operations. Since the official release of the software in April 2019, LegalForce has been providing the service to legal departments of over 250 corporations and law offices.
Through this investment, DI intends to support LegalForce’s goals of enhancing corporate legal practices and firmly developing contractual society governed by law. Further, through operating its fund DIMENSION, DI will continue to invest in and support promising startups, including those in the seed stage, to contribute to building a better society.
*About LegalForce (https://en.legalforce-corp.com/)
Representative: Nozomu Tsunoda, Representative Director and CEO
Address: NTT Hibiya Building 8th floor, 1-1-6, Saiwaicho, Chiyoda-ku, Tokyo
Business: R&D, management, and maintenance of software related to legal operations
*About Dream Incubator Inc. (http://www.dreamincubator.co.jp/)
Dream Incubator, “The Business Producing Company”, supports the creation and growth of new businesses and industries by providing professional services such as strategy consulting and business development support to its clients, business investment in its group companies, and venture capital investment in startups. In September 2019, Dream Incubator launched the startup fund DIMENSION (https://www.dimensionfund.co.jp/), with 5.0 billion yen in investments.
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Dream Incubator Inc.
Masato Shimodaira / Public Relations: Rie Nakanishi
Phone: +81 (3) 5532-3200 / Email: firstname.lastname@example.org