Source: Definely
The investment from Raine Ventures, the venture arm of US investment firm The Raine Group (“Raine”), positions Definely to capitalise on its early success in the US market. Raine manages investment strategies across growth equity and venture capital, with current assets under management exceeding $3.4 billion. Raine’s extensive industry network and expertise in the technology, media, and telecom (TMT) sectors make them an ideal partner for Definely’s expansion plans.
Nnamdi Emelifeonwu, CEO and Co-Founder of Definely, expressed enthusiasm about the partnership: “Bringing Raine Ventures onto our cap table, as a US-based investment firm with a strong track record and network, allows Definely to double down on its early success in the US market and capitalise on the US opportunity at a pivotal stage in our growth. We are excited for what the future holds as the relationship continues to grow.”
Gordon Rubenstein, Managing Partner of Raine Ventures, highlighted the strategic rationale behind the investment: “Definely presents a compelling investment opportunity due to its innovative AI-driven tools that enhance efficiency, accuracy, and productivity during the pre-execution stage of the contract lifecycle. The company is solving a critical pain point for lawyers across the legal industry, and we are thrilled to partner with the Definely team and help catalyze this next phase of growth.”
Read the full article here: https://www.definely.com/news/definely-secures-strategic-investment-from-raine-ventures-to-accelerate-us-expansion
