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Mishcon de Reya invests in DraftWise's seed round

Posted on 24 August 2021

Mishcon de Reya are pleased to announce investments into DraftWise. This is the fourth investment Mishcon de Reya has made in to an MDR LAB alumni, with the US-based drafting company now joining a growing portfolio of fast growth companies, including:

  • TimebyPing (2017): a time automation company, which automatically builds lawyer timesheets.
  • Everchron (2017): a litigation case management company, which streamlines case preparation.
  • Thirdfort (2018): a digital onboarding app, which reduces ID fraud and speeds up client onboarding.

Mishcon’s investment in DraftWise forms part of a larger seed round, which was secured post their completion of last year’s Y Combinator programme. Mishcon now joins a list of prestigious investors, which include Global Founders Capital, Soma Capital, Hack VC and a number of angel investors from across US and the Middle East.

DraftWise, founded by James Ding, Emre Ozen and Ozan Yalti helps fee-earners search and access the best and most relevant knowledge from across a firm's knowledge estate, accelerating the time taken to draft high quality documents. Since DraftWise's time in MDR LAB the product continues to evolve at pace. The team have already secured a number of pilots with top tier law firms from around the world.

"The whole purpose of MDR LAB is to engage new products and technologies that we think can help move the needle for Mishcon de Reya and the legal market. Over the course of our time with DraftWise, iterating and shaping the product in the LAB and now as early customers, our conviction to deepen our relationship has grown, and we are delighted to be able announce this investment.

Our thesis to invest was built around their exceptional founding team, their deep product capability, and our belief that organizational knowledge is, and will continue to be both a strategic asset and competitive advantage in this sector." (Dan Sinclair, Head of MDR LAB)

Mishcon de Reya is in the process of rolling-out DraftWise, who will continue to receive ongoing support from teams, across the Firm.

“We're thrilled about MDR's investment in DraftWise, which signals their long term commitment to our shared vision for empowering every attorney with the cumulative knowledge of their firm” (James Ding, CEO and Co-founder, DraftWise)

The application window for the next MDR LAB Improve Programme is currently open and will close on 27th August. For more information and details on how to apply, click here.

The Improve Programme runs for 12 weeks and during that time, participants will get the opportunity to work within their target market, to pilot and improve products, gain a better understanding of how legal services are provided and understand where lawyers and their clients, would benefit from new technology. Learn more about the programme here.   

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