UAE-based legaltech startup Oqood has raised $1 million in seed funding from a group of angel investors. This investment will help the company grow and expand its services.
Oqood aims to speed up the digital transformation of the legal sector. The funding will support the startup in developing new tools and solutions to make legal processes faster, easier, and more efficient.
Oqood was founded by Khaled Al Rasheed. The company creates AI-based legal tools to help law firms and corporate legal teams work more efficiently.
Oqood’s technology automates repetitive tasks, makes legal documents easier to handle, and improves communication between lawyers and their clients.
“This round reflects the growing investor interest in legal technology, a sector valued at more than $31 billion in 2024 and projected to grow at an annual rate of 9.4%,” said Khaled Al Rasheed, Founder and CEO of Oqood.
With the new funding, Oqood plans to grow its operations across the GCC region and improve its AI-based legal tools.
The company aims to become a top supporter of legal innovation in the region, helping law firms work smarter and more efficiently.
More law firms in the GCC are starting to use AI tools to work faster and stay competitive. Legal technology is becoming more popular in the region.
Oqood’s funding demonstrates strong interest in digital legal solutions, opening the way for new innovations in the legal industry.
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