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Toronto Legaltech Startup Alexi Secures $15 Million CAD in Series A Funding – Draper Decentralized – 6.24.24

Toronto-based legaltech startup Alexi has closed a $15 million CAD ($11 million USD) Series A financing round led by Drive Capital, with participation from Draper Associates. Alexi’s platform leverages AI to assist legal professionals by producing high-quality memos, identifying crucial legal issues and arguments, and automating routine litigation tasks.