Legal AI’s Quiet Winner – How Affinda Is Scaling While Big Software Stumbles
While public markets flinch at every new AI headline, Melbourne-based Affinda is doing something unfashionable in tech right now: raising money, growing revenue, and selling actual products lawyers use.
In a fresh $25 million funding round, Affinda lifted its valuation to $220 million, up from $120 million in mid-2024. The round was led again by Toll Group founder Paul Little, with backing from Ellerston Capital’s Ashok Jacob and former MYOB and REA Group CEO Greg Ellis.
No meme tokens. No vaporware. Just document AI doing unglamorous but billable work.
From “Legal AI Tool” to AI-Native Infrastructure
Affinda isn’t trying to replace lawyers with chatbots. It’s doing something far more dangerous to incumbents: making legal work faster, cheaper and harder to justify billing for inefficiency.
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