This investment will allow Codengines to expand its distribution of legal digitisation services across other markets in the Gulf.
UAE-based legal-tech firm Codengines just raised an undisclosed amount of investment from Dubai Cultiv8 through its $100 million technology fund.
“Legal-tech is the latest trend and the legal sector is witnessing significant change like never before,” says Dubai Cultiv8’s CEO Arif Al Alawi. “We have seen tremendous growth in investment in legal-tech in the past few years and with this investment, we aim to lead the segment in the region.”
This investment will allow Codengines to expand its distribution of legal digitisation services across other markets in the Gulf. The legal-tech startup’s initial strategic decisions were tough due to the slow adaptability of technology in the legal sector. “However, constant push and admiration from our clients helped us to build a system on which they can rely on,” says Pravesh Kumar, the founding partner and chairman of Codengines.
“The last two years were great learnings and the recent funding round will allow us to expand in all verticals and will allow us to serve our clients better,” he said.
Since its beta launch a year ago, Codengines’ technology has been adopted by several law firms, corporates and banks in the UAE. Among the products under Codengines’ belt is CasEngine, a bilingual software designed to help law firms and in-house legal departments collaborate efficiently.
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