Trending Now
Announcements Commercial Fundraising

Supio Announces $60M Series B to Accelerate Adoption of Legal AI in Plaintiff Law

By Harry Moran |

Supio, a legal AI platform trusted by personal injury and mass tort plaintiff law firms, today announced it has raised $60 million in Series B funding. The round was led by existing investor Sapphire Ventures, with participation from new investors Mayfield and Thomson Reuters Ventures. The new investment brings Supio’s total funding to date to $91 million.

The company’s unique approach to combining specialized AI with human expert verification has set a new standard for accuracy and reliability in legal AI, addressing the critical challenge of hallucinations that plague many automated solutions. This has been particularly valuable in litigation settings where precision and confidence in the data are paramount.

“Supio is transforming how personal injury and mass tort litigation is practiced through specialized AI,” said Rajeev Dham, Partner at Sapphire Ventures and Supio Board Member. “We believe their exponential growth demonstrates that law firms are embracing AI tools that deliver measurable advantages in case preparation and outcomes. We aim to recognize a category-defining company when we see one, and we’re proud to deepen our partnership with the team revolutionizing this practice area.”

The Series B funding will support the company’s ambitious growth plans, including expanding its engineering and AI research teams, accelerating product development and scaling go-to-market operations to reach more law firms nationwide. The company recently launched a new suite of document intelligence tools to meet the needs of current users as well as taking into account what AI capabilities work best for personal injury cases.

“This funding allows us to expand our AI platform that’s already helping law firms win better settlements and litigation for their clients,” said Jerry Zhou, co-founder and CEO of Supio. “Our combination of specialized legal AI and human verification provides attorneys with accurate insights and drafting they can confidently use in negotiations and court. We’re building technology that doesn’t just save time, but fundamentally improves case outcomes.”

Strengthens Leadership Team to Meet Growing Market Demand

Supio also announced the appointment of several key executives to support its rapid growth, including Jay Deubler to lead Sales, Gwen Sheridan to lead Customer Success and Jim Sinai to head Marketing. Jay Deubler joins with proven experience scaling revenue at Avalara from early stages through IPO. Gwen Sheridan brings valuable expertise from Highspot where she led all post-sales functions. Jim Sinai, a vertical SaaS marketing specialist, previously launched Einstein AI at Salesforce and led Procore through its IPO.

“Our growth since Series A confirms what we’ve believed all along—that specialized AI built for personal injury and mass tort law can transform how these practices operate,” Zhou said. “By expanding our executive team, we’re positioning Supio to meet the tremendous market demand for our AI-first approach to legal document workflows, and to deliver concrete results: faster case resolution, stronger settlements, and ultimately better outcomes for the individuals seeking justice.”

Accelerating Growth and Impact Since Series A

Since emerging from stealth in August 2024 with its $25 million Series A funding, Supio has experienced four times Annual Recurring Revenue (ARR) growth and demonstrated the transformative impact of its AI platform. The company has significantly expanded its customer base, now serving many of the top personal injury and mass tort law firms across the United States including Huges & Coleman, Daniel Stark, Thomas Law Offices, and Whitley Law.

Supio’s specialized AI platform has proven particularly valuable in helping firms win bigger. Firms such as Travis Legal Offices have reported getting at least 20-30% per case while Thomas Law reported increasing their annual case volume 62% since adopting Supio. In high-stakes litigation, Supio helped TorHoerman Law secure a landmark $495 million verdict against Abbott Labs. By combining AI-powered document analysis with rigorous human verification, Supio has established itself as the trusted solution for legal teams handling complex cases involving thousands of documents.

“Thomson Reuters Ventures invests in innovative companies that align with our strategic focus and the markets we serve. In the legal industry, personal injury and mass tort litigation demand specialized AI solutions designed specifically for these complex practice areas, and Supio addresses these unique challenges with both accuracy and depth,” said Tamara Steffens, Managing Director, Thomson Reuters Ventures. “We’re confident that Supio’s platform, built from the ground up, will become essential for firms serious about maximizing case outcomes.”

Photo and video assets available here.

About Supio

Supio is the leading AI platform transforming how personal injury and mass tort law firms build stronger cases and achieve superior outcomes. Supio’s Document Intelligence Platform converts complex case materials into actionable insights, combining specialized AI with human expert verification to ensure unmatched accuracy. Built with security and compliance at its foundation, Supio streamlines the entire case lifecycle—from pre-litigation analysis to courtroom strategy. Law firms using Supio report faster case resolution, higher settlement values, and deeper client trust through our precision-driven document analysis, advanced case economics, and intelligent drafting tools. Supio doesn’t just save time—it fundamentally improves how legal teams work and win.

About Sapphire Ventures

Sapphire is a global software venture capital firm with $11.3+ billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 180 companies globally resulting in more than 30 Public Listings and 50 acquisitions. The firm’s investment strategies — Sapphire Ventures, Sapphire Partners and Sapphire Sport — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

About the author

Harry Moran

Harry Moran

Announcements

View All
Announcements Commercial Legal Innovation

Sentry Expands Free Funding Market Search for Litigators

By John Freund |

Sentry Funding’s free tool enabling litigators to instantly search the funding market on behalf of clients has been expanded.

Sentry’s free ‘decision in principle’ feature enables lawyers to evidence to clients that they have conducted a broad market search, even if funding is not ultimately taken out.

Having deployed £125m in funding across a range of case types, Sentry now has access to an even broader funding marketplace, covering 34 global jurisdictions. Finance is provided by 13 funders, five of which are members of the Association of Litigation Funders.

With the recent addition of Sentry’s first US-based funder, the US offering will now be expanding over the next few months. 

A faster process

Sentry has deployed the latest technology to make the search for funding even easier. 

  • The intuitive application process now only asks questions relevant to previous answers, saving lawyers time.
  • The commercial marketplace has been redeveloped with 63 new data points added to the funder criteria matrix - improving the accuracy of case / funder matching
  • Sentry has also begun building out its AI capabilities, starting with an automated auditing tool for live case progression audits. 

Tom Webster, chief executive officer at Sentry Funding, said:

‘By broadening our reach and speeding up the process, we’re making it even easier for lawyers to raise funding. We’re also giving litigators an easy way to show clients they have fully researched the market, rather than just approaching one or two funders. 

‘The service is free to use, so even if clients decide they do not ultimately want funding or if none is available for that case, for the lawyer, it makes sense to use our “decision in principle” feature, so they can put evidence on file that they did check the market.’

Sentry Funding is an SaaS (software as a service) technology provider that gives solicitors access to a diverse marketplace of litigation funders. It works with solicitors, funders and third-party providers to ensure claimants are getting the most efficient service for their funding needs. 

The Sentry Portal also acts as a case management system that runs a transparent digital case file for solicitors, funders, after-the-event insurance providers, barristers, cost lawyers and other relevant third parties.

Announcements Commercial

NorthWall Capital Hits €2.9 B AUM on Private Credit Momentum

By John Freund |

NorthWall Capital has rocketed past €2.9 billion in assets under management after pulling in an additional €1.6 billion of institutional capital in 2025 alone. The London-based alternative credit manager says the surge reflects allocators’ intensifying hunt for scaled, multi-strategy platforms as Europe’s banks retrench and borrowers seek bespoke sources of credit.

A press release from NorthWall Capital details first-close totals across four distinct strategies. The flagship Credit Opportunities fund secured €731 million—already eclipsing its prior vintage—while the newly launched Senior Lending vehicle raised $503 million, translating to roughly $750 million of deployable firepower once leverage is applied. Asset-Backed Opportunities collected €252 million for collateral-rich loans in sectors underserved by traditional lenders, and the specialist Legal Assets platform locked down $169 million to extend the firm’s law-firm lending programme.

Founder and CIO Fabian Chrobog said the fundraising validates “the consistency of our approach” and NorthWall’s ability to craft solutions that resonate with investors and counterparties alike. With headcount slated to hit 40 by year-end, the firm plans to lean further into complex, situational credit born of bank deleveraging, regulatory shifts and sponsors’ need for certainty of execution.

Announcements Commercial People Moves

Victory Park Expands Legal Credit Leadership with Maleson Promotion

By John Freund |

Victory Park Capital (VPC), a global alternative asset manager specializing in private credit, has announced that Justin Maleson will expand his role to Managing Director, co-heading the firm’s legal credit investment strategy. The promotion underscores VPC’s ongoing investment in its legal finance capabilities and follows Maleson’s initial appointment in 2024 as Assistant General Counsel.

An announcement from Victory Park Capital details Maleson’s new responsibilities, which include sourcing, analyzing, and managing investments across legal assets, while maintaining oversight of the firm’s legal operations. He joins Chad Clamage in co-leading the strategy, working alongside team members Hugo Lestiboudois and Andrew Pascal, under the continued oversight of VPC CEO and founder Richard Levy.

Maleson brings a strong background in litigation finance and commercial law to the position. Before joining VPC, he served as a director at Longford Capital, where he specialized in originating and managing litigation funding transactions. His earlier tenure as a litigation partner at Jenner & Block further deepened his exposure to complex legal matters, equipping him with the expertise needed to navigate the nuanced legal credit space.

VPC’s legal credit team emphasizes an asset-backed lending model, prioritizing downside protection and predictable income streams. The firm aims to capitalize on inefficiencies within the legal funding market by leveraging its internal expertise and broad network of relationships. With Maleson’s appointment, VPC signals its intent to further scale its legal credit strategy, positioning itself as a key player in the evolving legal finance sector.

Maleson’s elevation comes at a time of increasing sophistication in litigation finance, where experienced legal minds are playing a pivotal role in portfolio construction and risk management. As VPC bolsters its leadership, the move may foreshadow further institutionalization of legal asset investing and heightened competition in a maturing market segment.