LegalOn Technologies, a global leader in legal artificial intelligence, has completed its first acquisition, bringing Fides Technology, a governance AI innovator, into its portfolio to create a unified platform for contracts, matters, entities, and boards for legal departments.
The acquisition follows a period of significant activity for LegalOn, including a $50 million Series E funding round, the launch of its Matter Management solution, and a development collaboration with OpenAI. The integration of Fides’ capabilities is expected to provide in-house legal teams with a single source of truth for their operational needs.
Daniel Lewis, Global CEO of LegalOn, stated, “Fides has reinvented corporate governance from the ground up with AI, eliminating the tedious, time-consuming tasks around managing entities and boards around the world. Like LegalOn, Fides is led by lawyers and provides powerful AI built on trusted legal content. It’s a perfect fit as we expand our legal AI platform for businesses.”Founded in 2021 and backed by Sequoia, Fides Technology offers software designed to digitize, centralize, and automate governance, board management, and entity management. The company supports multinational corporations and financial institutions, including Allianz Global Investors, Lime, and Sequoia, across more than 100 countries.
Lisa Gradow, cofounder and CEO of Fides, commented, “Fides was built to modernize governance for enterprises frustrated with legacy tools. By joining LegalOn, our combined product serves as the strongest system of record for in-house legal teams worldwide.”The Fides team, headquartered in Munich, Germany, will join LegalOn. Cofounders Lisa Gradow (CEO), Vincent Bobinski (CTO), and Philippa Peters (COO/CLO) will continue in their leadership roles. This expansion establishes LegalOn’s global footprint with hubs in the United States, Japan, and now Germany, enhancing support for its growing customer base.
While Fides will remain available as a standalone product, its governance capabilities will also become an integrated part of the LegalOn platform. This integration aims to enable corporate legal teams to manage matters, contracts, governance, and compliance seamlessly within a single solution.
LegalOn Technologies delivers legal AI solutions for businesses and their in-house legal teams, combining AI with trusted legal content to streamline workflows, mitigate risks, and reduce manual tasks. The company is trusted by over 7,000 organizations globally and has secured $200 million in funding from investors like Goldman Sachs and SoftBank. LegalOn maintains headquarters in San Francisco, California, and Tokyo, Japan.
Fides Technology GmbH specializes in streamlining legal entity and board management. Its AI-enabled corporate governance platform centralizes critical data, deadlines, and decisions, facilitating transparent collaboration and reducing liability risks through automation of repetitive processes. The lawyer-led company, founded in 2021, is headquartered in Munich.
