Legal tech startup Lucio raises $5 Mn led by DeVC

Lucio, a legal tech startup, has raised $5 million led by DeVC, with participation from investors such as Ashish Kacholia and Lashit Sanghvi.

The proceeds will be used to improve its product features and expand its reach to more law firms and professionals. It also plans to strengthen its AI models, build more integrations with legal databases, and expand its presence in new markets. 

Lucio is based in India and focuses on developing technology that helps legal professionals work smarter and faster.

Lucio is creating an AI-native workspace that helps lawyers manage their daily tasks in one place. The platform supports work like document drafting, review, legal research, translation, and compliance tracking.

Instead of switching between different software tools, lawyers can use Lucio to handle all major tasks within a single system. It is already working with over 200 organizations and has more than 3,000 lawyers using its platform across nine jurisdictions.