On June 10, 2024, Alexi announced it raised $15 million in a Series A Financing round. This round was led by Drive Capital and saw participation from existing investors including Draper Associates. The funding will be utilized towards hiring initiatives across various departments and towards integrating artificial intelligence tools within the business.
Alexi, founded by Mark Doble and Sam Bhasin operates as an artificial intelligence powered platform designed for assisting litigators. The company streamlines legal research processes to enhance productivity for its clients.
Drive Capital is a U.S. based Venture Capital firm with a focus on technology, healthcare, and consumer companies in the Midwest. Drive Capital specializes in building relationships with entrepreneurs to build long-term, sustainable businesses.
Osler, Hoskin & Harcourt LLP advised Alexi with a team consisting of André Perey, Andrew Irwin, Nik Popovski, Alexander Green and Alexander Case (Emerging and High Growth Companies).
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Partner, Emerging and High Growth Companies, Toronto
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Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
