Swedish native AI law firm start-up Lightbringer, which specialises in IP law, has secured $10m in a Series A funding round.
The round was co-led by London-based venture capital firm 6 Degrees Capital alongside Dutch investment company Newion. Thomas Olszewski and Dorus Olgers, partners at each firm respectively, have joined the Lightbringer board.
Existing investors Luminar Ventures and Alliance VC also participated in the funding round, which will help the firm expand in the US market and help it develop its platform for emerging deep tech enterprises.
Lightbringer’s in-house patent attorneys, armed with its software, help other start-ups and technology firms swiftly convert their ideas into patents.
Dominic Davies, Lightbringer’s CEO and co-founder, said IP was one of deep tech companies’ “most powerful assets”, meaning that the speed of patent applications was crucial.
He added: “As a patent lawyer, I’ve seen firsthand how the global patent system is not built for start-ups or the modern business environment. Most legal AI helps law firms become more efficient and protect their margins. We built Lightbringer to do the opposite: take on big law and return that value to entrepreneurs.”
Lightbringer is targeting the US, given its status as the world’s most lucrative IP market. It says rapid client uptake of its subscription service across Europe has fuelled year-on-year revenue growth for the second quarter of 300% and boosted its client base to 200 deep tech companies across 17 countries.
Olszewski said: “The patent industry still runs on workflows and business models designed decades ago, so many founders either delay protecting their innovations or skip the process altogether. What Lightbringer has built is not simply a more efficient law firm, but an entirely new category of AI-native intellectual property infrastructure.”
Malmo-headquartered Lightbringer was founded in 2023 by Davies alongside CTO Markus Andreasson and CCO Ola Wassvik.
Davies previously established IP services company Invent Horizon, where he spent nine years, and venture capital firm for IP start-ups Immetric, where he remains.
In April, the firm raised a further €4.2m in a funding round led by Luminar Ventures and Alliance VC, and were joined by investment firm Zenith Ventures and several prominent angel Nordic investors.
Earlier this month, US AI patent platform start-up DeepIP grew its European footprint with the acquisition of German AI assistant PatentMaker
Email your news and story ideas to: [email protected]
