AI start-up Newcode adds Series A funding, grows Dublin headcount

Norwegian legal-tech start-up Newcode, based in Ireland, has successfully raised a total of €17m in funding, including a Series A round led by OnDean Forward and participation from The LegalTech Fund, Antiportfolio Ventures, Relativity investment arm Rel Labs, and existing investors. The additional funding will enable Newcode to expand its operations in the United States, focusing on customer support, product development, go-to-market strategies, and strategic partnerships within the AmLaw 200 and broader legal ecosystem.

Newcode has been present in Dublin since March 2023, when it secured a seed funding round exceeding €5.7m and planned to hire 30 people. The Dublin-based team has since grown to 60 employees, led by Donna O’Leary, a former solicitor. O’Leary stated that the new funding is a significant milestone in Newcode's international expansion and will support its ongoing growth in Ireland, where the company now has 60 employees.

The Bar of Ireland has recently joined Newcode's rapidly expanding list of clients, and the company is focused on exploring additional market opportunities for its customers to streamline intelligent, auditable, and context-aware workflows using AI. Newcode's agentic AI platform targets law firms, government agencies, and various regulated industries, aiming to help them manage complex and time-intensive workloads.

By operationalizing institutional knowledge through configurable AI workflows, enterprise search, document intelligence, and secure AI infrastructure deployed within customer environments, Newcode seeks to empower legal firms to become AI-native. Founder and CEO Maged Helmy believes that the AI revolution is advantageous for law firms but requires control and flexibility.

Newcode's mission is to enable firms to build AI capabilities uniquely their own. The legal-tech sector is experiencing rapid growth, with platforms offering research and business management solutions representing a burgeoning sub-sector of the AI boom. In March, Swedish start-up Legora raised $550m in a Series D round, valuing the company at $5.55bn.

The same month, Harvey raised $200m at a $11bn valuation, and opened a Dublin office. Last November, Ireland and UK-based company TrialView secured $4.1m in growth funding led by Elkstone Ventures, and Canada's Clio officially opened a new Dublin office shortly before securing a $500m Series G funding round at a $5bn valuation.