Spellbook
🔥 HOTA deep look at Spellbook's finances, team, and market position in the AI Legal space.
Updated Mar 24, 2026Awaira Score
Out of 100
HQ
Canada
Founded
2020
Raised
$80M
Stage
Series B
Team
75
Valuation
$350M
Post-money
Total Raised
$80M
All rounds
Awaira Score
62/100
Founded
2020
75 employees
Awaira estimate based on public data. Not financial advice.
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…
Is this your company? Claim it →Strengths & Risks
Strengths
Strong Awaira Score of 62/100
Analysis based on publicly available data. Not investment advice.
Market Position
Spellbook is a emerging AI company in the AI Legal sector. Founded in 2020, the company is currently at the Series B stage with a team of approximately 75 employees. With $80M in total disclosed funding, Spellbook has demonstrated the ability to attract institutional capital. The company competes with 3 other tracked AI Legal companies on Awaira, including Ironclad and Harvey AI.
Key Numbers
Awaira Score
62/100
Valuation
$350M
Total Funding
$80M
Founded
2020
Employees
75
Stage
Series B
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.
Why Track Spellbook?
With $80M in disclosed funding, Spellbook is a well-capitalized player in the AI Legal segment.
Among 3 tracked competitors, Spellbook ranks #4 by valuation — a metric investors and analysts use to gauge market standing.
Tracking Spellbook on Awaira provides real-time updates on funding rounds, investor activity, and competitive moves in the AI Legal market.
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
Compare Spellbook
See how Spellbook stacks up against competitors in valuation, funding, team size, and Awaira Score.
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 →