Lucio Secures $5M to Revolutionize Legal Tech

• Lucio, a Bengaluru-based legal tech startup, has raised $5 million in a seed round led by DeVC.
• Co-founders Vasu Aggarwal and Darsan Guruvayurappan launched Lucio in 2022, offering an AI-native workspace for the legal sector.
• The startup supports over 200 organizations and more than 3,000 lawyers worldwide, enhancing workflows like document review and translation.
• This funding boost will enable Lucio to expand its product offerings and accelerate global adoption.
• The AI-powered legal tech industry is witnessing rapid growth, with substantial investments like SpotDraft’s $54 Mn and Jhana.ai’s $1.6 Mn rounds, indicating rising investor interest.

Source: Inc42