Spellbook
🔥 HOTA deep look at Spellbook's finances, team, and market position in the AI Legal space.
Awaira Score
Out of 100
HQ
Canada
Founded
2020
Raised
$80M
Stage
Series B
Team
75
About Spellbook
Spellbook is a Canadian AI legal technology company founded in 2020 that specializes in contract analysis and review automation. The platform utilizes large language models to assist legal professionals in reviewing, drafting, and negotiating contracts by identifying potential risks, suggesting revisions, and providing legal insights. Spellbook's core technology analyzes contract language against…
Key Facts
- Spellbook is valued at $350M as of March 2026.
- Spellbook has raised a total of $80M in disclosed funding across 3 funding rounds.
- Spellbook was founded in 2020 by Scott Stevenson and is headquartered in Canada.
- Spellbook employs approximately 75 people.
- Spellbook operates in the AI Legal category and is currently at the Series B stage.
- Spellbook has an Awaira Score of 62/100, ranking it among the tracked AI companies on Awaira.
- Spellbook's most recent funding round was a Series B closed in January 2023.
Source: Awaira · Updated Mar 24, 2026
Valuation
$350M
Post-money
Total Raised
$80M
All rounds
Awaira Score
62/100
Founded
2020
75 employees
Strengths & Risks
Strengths
Strong Awaira Score of 62/100
Analysis based on publicly available data. Not investment advice.
Funding Velocity
3
Total Rounds
$16M
Avg Round Size
2.0yr
Funding Span
Spellbook raised 3 rounds over 2.0 years, averaging $16M per round — a pace of roughly one round every 8 months.
Awaira estimate based on public data. Not financial advice.
How does Spellbook stack up against competitors?
Competitor Comparison
| Metric | ★Spellbook | Ironclad | Harvey AI | Casetext |
|---|---|---|---|---|
| Awaira Score | 62/100 | 80/100 | 78/100 | 75/100 |
| Total Raised | $80M | $333M | $806M | $64M |
| Valuation | $350M | $3.2B | $8B | $650M |
| Stage | Series B | Series E | Series F | Acquired |
| Founded | 2020 | 2014 | 2022 | 2013 |
| Employees | 75 | 400 | 200 | 120 |
| Country | 🇨🇦 | 🇺🇸 | 🇺🇸 | 🇺🇸 |
Investors in Spellbook
Funding Rounds
InactiveUndisclosed
Jan 2023
Led by Insight Partners
$16M
Jan 2022
Undisclosed
Jan 2021
Spellbook Latest News
Founded Same Year (2020)
Similar by Funding Stage (Series B)
More from Canada
🇨🇦 View all AI companies in Canada →Alternatives
View all alternatives to Spellbook →If you're looking at Spellbook, also check out
View all AI Legal →People Also Viewed
Frequently Asked Questions
What is Spellbook's valuation?▾
Who invested in Spellbook?▾
When did Spellbook last raise funding?▾
How many employees does Spellbook have?▾
What does Spellbook do?▾
Who founded Spellbook?▾
Is Spellbook profitable?▾
Where is Spellbook headquartered?▾
Compare Spellbook
See how Spellbook stacks up against competitors in valuation, funding, team size, and Awaira Score.