Main image: Pictured (L-R): Wordsmith COO Robbie Falkenthal, CEO Ross McNairn, and CTO Volodymyr Giginiak
Founded by a Ukrainian, the Legal Tech startup Wordsmith AI, which develops an AI-based legal assistant, raised $25 million in a Series A funding round. The round was led by the Index Ventures fund, writes direct investment specialist at Horizon Capital Andriy Brodetsky.
Tech.eu reports that the Scottish Enterprise organization also joined the round. Thanks to the investment, Wordsmith’s valuation exceeded $100 million, making it one of the fastest-growing tech companies emerging from Scotland’s ecosystem. The startup is based in Edinburgh.
“Our Legal Enablement Platform is like air traffic control for GCs and in-house teams, helping them guide teams to the right decisions faster,” said Ross McNairn, CEO and co-founder of Wordsmith.
Ukrainian Volodymyr Giginiak is a co-founder and technical director of the Scottish startup Wordsmith AI. He has over 10 years of engineering experience in the British Facebook/Instagram office and more than six years at Microsoft. Giginiak is a graduate of the Physics and Technology Institute of KPI and, as a student, won international programming Olympiads. In 2024, he became a co-founder of Wordsmith AI together with two British partners. Before that, Volodymyr also managed to join the development of anti-drone technologies in Ukraine.
Currently, Wordsmith AI’s valuation has reached $100 million after the last investment round of $25 million led by the Index Ventures fund. According to local media, Wordsmith AI is recognized as the most dynamic startup in terms of growth in Scotland.
Wordsmith AI offers AI solutions that allow legal teams to create and deploy “intelligent agents,” which are tools that automate contract checks, policies, answering questions, and decision-making assistance. These agents integrate directly into everyday business tools such as Slack, email, Google Docs, and Word.
The Wordsmith platform helps legal teams automate contract and policy reviews, provide structured legal support to each department, and scale legal impact without increasing staff.
