A serial entrepreneur raised $17 million to build a Big Law alternative. Read the pitch deck.
Arceus combines a law firm with software. The bet is that in-house legal teams don't want another tool to manage; they want the work done faster.
Mac Liu, a serial entrepreneur, has secured $17 million in funding to create a Big Law alternative with Arceus. The startup combines a law firm staffed by attorneys with software designed to expedite contract review processes. Arceus aims to shrink the time it takes to review standard agreements from days or weeks to just a few hours.
If a review exceeds eight hours, it becomes free. The company recently raised new funding led by Greycroft, and its total funding now stands at $17 million. Before Arceus, Liu held tech roles at Robinhood and Anduril, and previously founded Vultron, which built defense contractor software before selling it to a govtech firm. Liu's unique approach sets Arceus apart from other AI-native law firms, as he began by hiring engineers before bringing in his first lawyer.
The platform allows employees to submit contracts for review directly from Slack, with a virtual agent gathering context from systems like Salesforce and HubSpot and suggesting changes. This approach caters to in-house legal teams who prefer a faster, more streamlined process, avoiding the need for an additional tool.
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