Companies / Spellbook
Spellbook
Spellbook is a legal AI company based in Toronto, Ontario. It had raised C$113.3M as of November 2026, most recently a US$50M Series B in October 2025 led by Khosla Ventures.
Legal AI contract drafting; rollup strategy, ~$100M ARR.
spellbook.com- Founded
- 2018
- Category
- Legal AI
- Status
- Active
- Disclosed raised
- C$113.3M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Venture Debt | Mar 2026 | US$40M | Undisclosed. RBCx debt facility for legal-AI M&A; ~$100M ARR |
| Series B | Oct 9, 2025 | US$50M | Khosla 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 A | Jan 24, 2024 | US$20M | Inovia Capital (lead); N49P. followed 10x revenue growth |
| Seed | May 24, 2023 | US$10.9M | Moxxie Ventures (lead); Thomson Reuters Ventures, Inovia Capital, The LegalTech Fund, Bling Capital, N49P, Concrete Ventures, Good News Ventures, Pelorus VC |
| Grant | Nov 15, 2021 | C$500K | Atlantic Canada Opportunities Agency (ACOA) (lead). ACOA REGI contribution, normally repayable |
| Grant | Dec 29, 2020 | C$265K | Government of Newfoundland and Labrador (lead). Provincial contribution to Dialog Enterprises (Rally); repayability not stated. |
| Pre-seed | Dec 11, 2019 | C$750K | Pelorus VC, Killick Capital, Concrete Ventures, Good News Ventures. As Rally; Pelorus participated through Venture Newfoundland and Labrador; no lead named. |
Founders
- Scott Stevenson, Co-founder/CEO.
- Daniel Di Maria, Co-founder/CRO.
- Matt Mayers, Co-founder/CXO.
In the newsletter
- CanadianAI: With Cohere’s C$7B, Canadian AI funding in 2026 is on pace to top the last three years combinedNov 3, 2026
- Canadian AI: Vancouver crushing it this week, $50M from Benchmark and an acquisition.Mar 17, 2026
- Canadian AI: Signs of vertical AI consolidation, and our love of robots and drones.Mar 10, 2026
Sources
- artificiallawyer.com: Spellbook venture debt announcement
- betakit.com: Spellbook venture debt announcement
- Covered in Canadian AI Newsletter, Issue 4
- betakit.com: Spellbook series b announcement
- thelogic.co: Spellbook series b announcement
- businesswire.com: Spellbook series a announcement
- spellbook.com: Spellbook seed announcement
- betakit.com: Spellbook seed announcement
Data as of November 10, 2026.