Source: Businesswire
Alexi, the leading AI litigation platform, announced a CAD $4.5 million debt facility from TD Innovation Partners (TDIP). Adding to its $15M Series A in 2024, led by Drive Capital, this new financing will fuel Alexi’s continued growth, drive product innovation, and continue their mission of providing the legal community with cutting-edge AI tools.
“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,” said Mark Doble, Founder and CEO of Alexi. “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.”
“Securing this debt facility not only strengthens our balance sheet but also establishes a robust partnership with one of Canada’s leading financial institutions,“ said George Taleporos, VP of Finance at Alexi. “It ensures we have the resources to meet our ambitious growth goals and continue to innovate for our clients.”
Alexi’s expansion plans for 2025 include deepening its product offerings, enhancing customer experiences, and scaling its reach across North America. The company remains steadfast in its mission to empower lawyers with the tools they need to succeed in an evolving legal landscape.
Read the full article: https://www.businesswire.com/news/home/20250211664883/en/Alexi-Secures-CAD-4.5-Million-Debt-Facility-to-Accelerate-Expansion-and-Innovation
