Wordsmith AI has added $14 million to its Series B as the legaltech company pushes deeper into North America and regulated industries.
The extension was led by Toronto-based Intact Private Capital, with existing investors Highland Europe and Index Ventures also participating. FT Ventures, the venture arm of the Financial Times, has joined Wordsmith as a shareholder.
The new financing follows a $70-million Series B announced in June. It brings the round to $84 million and Wordsmith’s total capital raised to $114 million.
Founded in Edinburgh in 2023, Wordsmith is building an artificial intelligence platform specifically for corporate legal departments. Unlike products designed primarily to help individual lawyers draft or research faster, Wordsmith aims to serve as an operating layer for the entire in-house function.
Legal requests can enter through tools already used by a business, including email, Slack, Microsoft Teams and Salesforce. The platform then organizes and routes the work, applies playbooks approved by the legal team, completes routine steps with AI agents and escalates matters that require a lawyer’s judgement. It also records the actions and decisions made along the way, creating an audit trail for legal and compliance teams.
“Requests come in, AI agents complete the routine work, lawyers approve what requires judgment, and every step is recorded,” Wordsmith co-founder and chief executive Ross McNairn said in the funding announcement.
That approach is intended to help legal departments handle more work internally instead of automatically sending routine or recurring matters to outside counsel. Wordsmith says its platform is now used by more than 500 companies, including BT, the Financial Times, Sage, Starling, Canva and Safelite. The company also reported that revenue has increased fourteenfold year over year.
Wordsmith said the additional capital will support its expansion in North America, where it sees growing demand from large corporate legal teams. The company also plans to build its presence in financial services and insurance, sectors in which data controls, traceable decisions and regulatory oversight can be central to technology adoption.
The participation of Intact Private Capital gives the round a notable Canadian connection. The firm is the private investment arm of Toronto-headquartered Intact Financial Corporation, a global property and casualty insurer. Intact Private Capital invests across venture capital and strategic growth opportunities, with a focus that includes insurance, financial services and artificial intelligence.
Justin Smith-Lorenzetti, managing director at Intact Private Capital, said in-house teams at financial services and insurance companies need infrastructure that can operate at enterprise scale while preserving the control and auditability required in regulated environments. He said Wordsmith was designed for that challenge.
FT Ventures’ investment also carries a strategic signal because the Financial Times is already a Wordsmith customer. The publication’s in-house legal team uses the platform to provide legal support across the business, giving its investment arm direct exposure to the product before joining the company’s shareholder base.
The extension arrives as legal AI companies increasingly divide into two camps: tools serving law firms and individual practitioners, and platforms built around the needs of corporate legal departments. Wordsmith has placed itself firmly in the second category, arguing that in-house teams need systems that can manage legal demand across an organization rather than simply accelerate isolated tasks.
For Wordsmith, the new backing adds both capital and sector expertise. For corporate legal teams, it underscores a broader shift in legal AI from standalone drafting assistants toward systems that receive, complete and document work across the business.