▸ Dubai Cultiv8 is dedicated to invest in fintech, Artificial Intelligence and Blockchain startups
▸ Codengines will utilise the fresh funds to expand into other GCC regions
The legaltech startup Codengines software on Wednesday raised funding from Dubai’s Cultiv8. The investment came through a $100 million technology fund created by Cultiv8.
The company will utilise the latest funds to expand its distribution of legal digitalisation services towards other markets in the GCC.
Statements enclosing Codengines funding round
“LegalTech is the latest trend and the legal sector is witnessing significant change like never before,”
“We have seen tremendous growth in investment in LegalTech in the past few years and with this investment, we aim to lead the segment in the region.
– Arif Al Alawi, CEO of Dubai Cultiv8Arabian Business
“were tough due to the slow adaptability of technology in the legal sector.”
“However, constant push and admiration from our clients helped us to build the system on which they can rely on,”
“The last two years were great learnings and the recent funding round will allow us to expand in all verticals and will allow us to serve our clients better,”
– Pravesh Kumar, Founding Partner & Chairman, CodenginesArabian Business
The Codengines’ inventory of products also exhibits CasEngine, a bilingual product to help law firms and in-house legal teams to collaborate efficiently. The software has been adopted by a number of law firms, corporates and banks in the UAE since its beta launch over a year ago.