Wordsmith AI, an enterprise legal AI platform built exclusively for in-house legal teams, has raised a $14 million Series B extension led by Intact Private Capital, with participation from existing investors Highland Europe and Index Ventures. FT Ventures also joined as a shareholder. The investment will support expansion in North America and strengthen Wordsmith's presence across financial services and insurance.
Growing Enterprise Adoption
Wordsmith provides AI infrastructure that helps corporate legal departments automate routine work, reduce external counsel spending and deliver faster legal support across organizations. Revenue has increased 14x year over year, while more than 500 companies now use the platform, including BT, FT, Sage, Starling, Canva and Safelite.
Enterprises with more than 10,000 employees are already operating on Wordsmith, with some customers reporting seven-figure reductions in outside counsel costs. AI agents handle routine requests, while legal professionals retain control over work requiring judgment and approval.
“Intact Private Capital is excited to support Wordsmith at this stage of growth," said Justin Smith-Lorenzetti, Managing Director at Intact Private Capital. “In-house legal teams at financial services and insurance companies need legal infrastructure that can operate at enterprise scale while maintaining the control and auditability required in highly regulated environments. Wordsmith is built precisely for that challenge, with a deep understanding of how these organizations work and the infrastructure to match.”
Expanding Legal AI Infrastructure
Wordsmith focuses exclusively on corporate legal departments rather than law firms, addressing requirements around internal workload management, regulatory questions and outside counsel costs. Growing enterprise demand is driving further expansion across North America and regulated industries.
“Wordsmith's solutions for in-house legal teams are rethinking not only how lawyers work, but also how commercial and legal teams engage with each other,” said Alexandra Calinikos, Chief Investment Officer at FT Ventures. “FT's own in-house legal team has chosen Wordsmith as its enterprise legal AI platform, providing the FT's business faster access to legal support. Alongside this operational relationship, FT Ventures is excited to support Wordsmith in their next phase of growth as they deliver the infrastructure to make legal work more efficient for businesses globally."
“Every dollar that leaves a legal team and goes to outside counsel is a decision,” said Ross McNairn, CEO and Co-founder of Wordsmith. “Too often, those decisions are made by default rather than by design, because legal teams have never had the infrastructure to handle the work internally. Wordsmith gives them that infrastructure. Requests come in, AI agents complete the routine work, lawyers approve what requires judgment, and every step is recorded. The result is a legal function that keeps more work in-house, spends less on external counsel, and can finally show the business the impact it delivers.”