The Canadian AI Index

Companies / Spellbook

Spellbook

Legal AI contract drafting; rollup strategy, ~$100M ARR.

spellbook.com
Founded
2018
HQ
Toronto, ON
Category
Legal AI
Status
Active
Disclosed raised
C$172.5M

Funding history

RoundDateAmountInvestors
Venture DebtMar 2026 US$40MUndisclosed. RBCx debt facility for legal-AI M&A; ~$100M ARR
Series BOct 9, 2025 US$50MKhosla Ventures (lead); Threshold Ventures, Inovia Capital, Bling Capital, Moxxie Ventures, Path Ventures. C$69.9M; all-equity; led by Khosla Ventures (Keith Rabois); Threshold Ventures new; returning Inovia Capital, Bling Capital, Moxxie Ventures, Path Ventures, Jean-Michel Lemieux (angel); US$350M post-money; total raised US$80M
Series AJan 24, 2024 US$20MInovia Capital (lead); N49P. followed 10x revenue growth
SeedMay 24, 2023 US$10.9MMoxxie Ventures (lead); Thomson Reuters Ventures, Inovia Capital, The LegalTech Fund, Bling Capital, N49P, Concrete Ventures, Good News Ventures, Pelorus VC
GrantNov 15, 2021 C$500KAtlantic Canada Opportunities Agency (ACOA) (lead). ACOA REGI contribution, normally repayable
GrantDec 29, 2020 C$265KGovernment of Newfoundland and Labrador (lead). Provincial contribution to Dialog Enterprises (Rally); repayability not stated.
Pre-seedDec 11, 2019 C$750KPelorus VC, Killick Capital, Concrete Ventures, Good News Ventures. As Rally; Pelorus participated through Venture Newfoundland and Labrador; no lead named.

Founders

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Sources

Data as of September 26, 2026. Suggest a correction