Talis leads $10m series-A for AI legal firm Luminance

Previous backers Invoke Capital and Slaughter and May also took part in the round. The investment will be used to expand the company's operations and support a North American head office in Chicago.

George Tziahanas, formerly of Intel and Hewlett-Packard, has been appointed US managing director and will focus on the firm's US expansion. The deal valued Luminance at $50m.

Previous funding
Talis first invested in the company in December 2016, backing Luminance with an undisclosed amount. The deal valued the company at $20m.

Invoke and Slaughter and May helped launch Luminance in September 2016.

Company
Based in London, Luminance is an artificial intelligence platform for lawyers, which uses machine learning to read contracts and speed up processes such as M&A due diligence and property lease review. It has been used by 50 organisations to assist with around 200 transactions. The company launched in 2016.  

People
Slaughter and May – Sally Wokes (partner).
Talis Capital – Vasile Foca (managing partner).
Luminance – Emily Foges (CEO).

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• Topics
• Early-stage
• UK / Ireland
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• United Kingdom
• Talis Capital