Oqood Secures $1 Million Seed Funding to Revolutionize Legal Tech in the GCC
UAE-based legal tech startup, Oqood, has successfully secured $1 million in seed funding from a cohort of angel investors. This investment represents a significant step for Oqood, which is on a mission to drive digital transformation within the legal sector, a sector that has seen slower adoption of AI tools compared to other industries across Africa. The funds will fuel the company’s ambitious expansion plans throughout the Gulf Cooperation Council (GCC) region, bolster its AI product development capabilities, and enhance its smart digital platforms for improved client communication and workflow automation.
Expanding AI-Powered Legal Solutions
Founded in 2024 by Khaled Al Rasheed, Oqood specializes in developing AI-powered legal solutions targeted at law firms and corporate legal departments. The company’s technology focuses on streamlining workflows and boosting efficiency by automating repetitive tasks, simplifying documentation processes, and improving communication channels between legal professionals and their clients. The newly acquired seed funding is earmarked to help Oqood broaden its footprint in the GCC region, bringing its innovative solutions to a wider audience. Furthermore, the investment will facilitate enhancements to its AI product offerings, including upgrades to its client communication portals, workflow automation tools, and documentation simplification features, driving Oqood closer to its goal of leading legal tech innovation in the region and potentially beyond.
Oqood’s successful seed round highlights the growing interest and investment in legal tech, particularly AI-driven solutions, within the Middle East. As the legal landscape continues to evolve, Oqood is well-positioned to leverage this investment to propel its growth, improve its technological offerings, and contribute significantly to the digital transformation of the legal sector.
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