Contract review platform co LawGeex raises 2.5m - Globes English

Israeli online contract review platform LawGeex announced today 2.5 million in funding from Lool Ventures and LionBird and angel investors Eilon Tirosh and Rami Lipman. The startup has also launched its online contract review solution free of charge for consumers. LawGeex allows consumers to upload any type of contract to its platform and receive, within 24 hours, an in-depth report of what's good, bad and even missing from their contract. Currently reviewing over 20 types of contracts, the free solution begins with employment agreements, with more contract types to be offered for free in the near future. LawGeex cofounder and CEO Noory Bechor said, "The driving force behind LawGeex is the belief that no one should sign a contract that they don't fully understand. An astounding 33% of Americans need a lawyer every year but do not hire one, either because they can't afford to or did not know where to turn. This ultimately leads to one-sided negotiations and unfair results. LawGeex has already earned the trust of thousands of users while ensuring quality and transparency, leveling the playing field when it comes to contract negotiations. Our machine learning platform has already reviewed over tens of thousands of contracts, many of which are employment contracts from some of the world's largest tech companies such as Apple, Google, and Facebook. We make sure all employees get a fair deal."