Spellbook Secures $40M USD Debt Financing from RBCx to Support Strategic Acquisitions in Consolidating Legal AI Market

2026-03-04 - 14:13

TORONTO -- Spellbook, the AI copilot for contracts used by nearly 4,000 law firms and legal teams globally, today announced it has secured $40 million USD in debt financing from RBCx, the technology and innovation banking arm of Royal Bank of Canada (RBC). This strategic capital comes just two months after the company's $50 million USD Series B funding round which valued the company at $350 million post-money and will fuel prospective acquisitions as the legal AI market experiences rapid consolidation. Read More