Supio Raises $60M Series B With Backing From Thomson Reuters Ventures, Sapphire Ventures, And Mayfield To Accelerate AI Adoption In Legal Industry
From Yahoo Finance: 2025-05-06 12:22:00
Seattle-based legal tech startup Supio raised $60 million in a Series B funding round to enhance its AI-powered platform for personal injury and mass tort law firms. The round was led by Sapphire Ventures, bringing Supio’s total funding to $91 million. The funds will scale engineering, expand marketing, and refine AI capabilities.
Supio’s software aids plaintiff-side law firms in organizing, filtering, and analyzing large volumes of unstructured data. The AI models extract key information, flag inconsistencies, and structure timelines, saving hours of manual paralegal work. CEO Jerry Zhou stated that AI built for personal injury and mass tort law can transform practices.
Supio’s AI has been adopted by large firms like Hughes & Coleman, Daniel Stark, and Thomas Law Offices, resulting in a four-times increase in annual recurring revenue. Thomson Reuters Ventures’ participation in the Series B reflects a focus on investing in companies aligned with the legal industry’s needs for specialized AI solutions. Managing director Tamara Steffens sees Supio’s platform as a critical tool for improving case efficiency and outcomes at scale.
Supio plans to double its team and has made key executive hires to support growth. Sapphire Ventures partner Rajeev Dham believes the company’s growth shows law firms embracing AI tools for case preparation and outcomes. The company is part of a growing ecosystem of AI-driven legal startups in the Pacific Northwest, focusing on plaintiff-side law firms in high-stakes tort cases.