Wordsmith AI, the Edinburgh and New York-based AI-powered in-house legal assistant platform, has announced a $14 million extension to its Series B, led by new investment from Intact Private Capital alongside existing investors Highland Europe and Index Ventures.
FT Ventures has also become a shareholder in Wordsmith.
The additional investment follows a period of rapid growth for Wordsmith. The platform is now used by more than 500 companies, including BT, FT, Sage, Starling, Canva, and Safelite.
The funding deepens Wordsmith’s presence in North America, where demand from enterprise legal teams is accelerating, and strengthens its footprint in the financial services and insurance sectors.
“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.”
Enterprises serving more than 10,000 employees are running on Wordsmith today.
“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.”
Ross McNairn, CEO and co-founder of Wordsmith, said: “Every dollar that leaves a legal team and goes to outside counsel is a decision.
“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.”