Alexi, a leading AI litigation platform, announced a C$4.5 million debt facility from TD Innovation Partners (TDIP). This new financing, which adds to its $15 million Series A in 2024, led by Drive Capital, will fuel Alexi’s continued growth, drive product innovation, and continue its mission of providing the legal community with cutting-edge AI tools.
This debt facility comes on the heels of a record-breaking year for Alexi, which saw product use up 22 times in 2024. The company recently launched two transformative products:
1.) Advanced Legal Reasoning (ALR) – which is a first-ever AI tool designed to elevate litigators’ capacity to analyze the full complexities of issues of any given litigation file
2.) Alexi Enterprise — a fully private, self-hosted AI solution designed to transform legal workflows for larger firms.
These advancements reflect Alexi’s commitment to enabling lawyers with efficient, reliable, and scalable tools, streamlining workflows, and ensuring litigators maintain a competitive advantage in the fast-paced world of law.
Alexi’s expansion plans for this year include deepening its product offerings, enhancing customer experiences, and scaling its reach across North America. And the company remains steadfast in its mission to empower lawyers with the tools they need to succeed in an evolving legal landscape.
KEY QUOTES:
“The launch of ALR and Alexi Enterprise has generated significant interest across the legal sector, showcasing litigators’ appetites for innovative, high-value AI solutions that drive efficiency and elevated client results. This additional financing from TDIP underscores our record-breaking growth in 2024 and positions us to deliver even greater value to our customers, allowing litigators to stay ahead of the curve and meet the evolving needs of today’s clients and complex caseloads.”
- Mark Doble, Founder and CEO of Alexi
“Securing this debt facility not only strengthens our balance sheet but also establishes a robust partnership with one of Canada’s leading financial institutions. It ensures we have the resources to meet our ambitious growth goals and continue to innovate for our clients.”
- George Taleporos, VP of Finance at Alexi
“We’re thrilled to play a role in supporting Alexi’s growth as they continue to deliver innovative solutions for the legal community. Their commitment to product excellence, strong leadership team and their ability to deliver align well with our goal of supporting transformative companies that are changing the way industries operate.”
- Mark Kiyonaga, Director, TD Innovation Partners
