We are excited to announce that we are leading Paxton’s $22M Series A financing. We first met the Paxton team as part of our Unusual Academy in 2023. Impressed by the founders’ backgrounds and insights, we engaged with the team as they continued to refine their thinking and build toward their minimum sellable product. Equipped with learnings from Unusual Academy, they iterated on their hypotheses and successfully deployed with design partners. The business experienced significant traction around a repeatable use case in 2024. 

‍

There are an estimated 1.3 million lawyers in the US, but the market is largely fragmented with approximately 1 million of these lawyers working at firms with less than 500 employees. While there are many legal tools out in the market today, none are designed with the most advanced AI systems to solve the needs of small and mid-size law firms. Paxton is designed to assist legal and compliance professionals by automating complex and time-consuming tasks, enabling legal teams to focus on strategic, high-value work. 

‍

Paxton's comprehensive platform enables users to conduct primary research across key sources ranging from laws, regulations, case law, and more. Users can also draft complex documents, and analyze large volumes of legal documents in a matter of seconds. Additionally, Paxton provides real-time updates on U.S. laws and court rulings by scanning millions of sources daily, while its confidence indicator and AI Citator features offer reliability insights and case law analysis. Every output is backed by verifiable sources, ensuring accuracy and trust.

‍

We are leading this financing because we've seen relentless focus from the team, a commitment to learning excellence, and tremendous early growth. Paxton is clearly the leading AI-first legal solution for small and mid sized firms. In the last nine months, Paxton has seen a 14x growth in MRR driven by an 8x increase in new customer growth over that same period. Congratulations to Tanguy Chau, Michael Ulin, and the entire team at Paxton!

‍

To learn more, please visit www.paxton.ai.