Companies · Legaltech

Draft The RecordSummer 2024Active

San Francisco · CA, USA · Legaltech · founded 2024 · https://www.drafttherecord.com/

Diligence memoA one-page analyst read on Draft The Record — recommendation, valuation, rhythm, risks.
Total raised · real
0
Rounds
Latest step-up
Top 15%
Sector rank · raised
Latest stage · inferred

Draft The Record: limited disclosed financing to assess.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Where it sits in Legaltech

Draft The Record is one of 43 Legaltech companies tracked from San Francisco, CA, USA, on record since 2024. By capital raised it ranks in the upper tier (ahead of 86% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

AI For Litigation

We are on a mission to provide faster and affordable access to the justice system - starting with depositions and trials. 1000s of depositions and trials run through DraftTheRecord every week including Senate and House meetings, Confidential federal hearings, criminal proceedings like murder trials, and civil lawsuits involving family disputes, personal injury and much more. During legal proceedings, • DraftTheRecord provides real time assistance to attorneys, previously requiring a legal team. The platform then helps analyze depositions and other evidence cutting down trial prep time from weeks to days.  • Court reporters use DraftTheRecord to capture audio and generate live transcript drafts for attorneys and judges.  • Transcribers use our legal-specific AI transcription model to cut transcription time by 3x.

AI AssistantArtificial IntelligenceLegalLegalTechai/ml
Find Draft The Record online

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

No round amounts on record to chart.

Financing ladder & sequence gaps

No staged rounds to sequence.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
Rounds on file
How it compares to the market

Benchmarked against 43 companies in Legaltech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)
This company
Sector median$15.1M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$345.2M

Raised more than 86% of sector peers (real $). Modeled value above 86% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
No rounds recorded.
Intelligence
Modeled next raise
Modeled next size est.
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Draft The Record is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
AbelLegaltechsame sector
&AILegaltechsame sector
AtriumLegaltechsame sector
Atrium Legal Technology Services Inc.LegaltechSeries C$70.4M$1.5Bsame sector
AXDRAFTLegaltechsame sector
BlueshoeLegaltechsame sector
BrighterwayLegaltechsame sector
ClerkyLegaltechsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Draftwise
Contract and negotiation AI built for lawyers
Legaltech76%
Brighterway
Streamlining the medical record review process in workers comp
Legaltech75%
Darrow
Bring Justice to Light
Legaltech73%
Baseline AI
AI document creation and data management for clinical trials
Biotech72%
Business Draft, Inc.Other TechnologySeries A$2.4M72%
Recall.ai
The API to get recordings, transcripts, and metadata from meetings
AI / ML72%
Hippo Scribe
AI assisted documentation for PT/OT/SLP
AI / ML72%
Stilta
Agentic AI for intellectual property
AI / ML72%
Frequently asked
What does Draft The Record do and where is it based?
Draft The Record operates in the Legaltech sector, based in San Francisco, CA, USA. AI For Litigation
Explore related

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