Overview
- Moritz closed an oversubscribed $9 million seed round in four days led by Y Combinator and 20VC, with Urban Innovation, Inception and founders from Reddit, Instacart, Dropbox, Gusto and Runway joining.
- The firm says its software performs most drafting and research while a vetted bench of 40–50+ senior lawyers reviews and signs off with full professional responsibility.
- Moritz reports serving more than 100 companies and over $2 billion in aggregate contract value in recent months, including a $290 million master services agreement drafted in 24 hours.
- Clients get upfront flat-fee quotes with average turnarounds of about four hours, and listed examples include $500 for a job offer letter and $2,000 for a master services agreement package.
- After pivoting last year from selling AI tools to operating as a law firm, Moritz plans to use the new funding to expand its lawyer network, enhance its AI workflows and move beyond commercial contracts.