- Oqood has raised $1 million in its first seed funding round, led by Sanabil.
- The company develops AI-powered legal solutions designed to streamline workflows and enhance the efficiency of law firms.
- The new funding will support Oqood’s expansion plans into target markets over the coming years.
Oqood, a legal technology company specializing in AI-powered legal solutions, has successfully closed its first seed funding round, raising $1 million led by Sanabil, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF).
Kuwaiti lawyer Khaled Al Rashed, founder and CEO of Oqood, stated:
“This round reflects investors’ growing interest in the legal tech sector, which exceeded $31 billion last year and is projected to grow at an annual rate of 9.4% in the coming years.”
He added that Oqood aims to expand its services to more law firms and corporate legal departments through smart digital platforms designed to streamline workflows and enhance client communication, with plans to enter Gulf and international markets in the near future.
Al Rashed emphasized that the new funding will accelerate product development and strengthen the company’s ability to deliver innovative, AI-driven legal solutions to serve the region’s legal ecosystem.
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