Oqood Raises $1 Million Seed Round
UAE-based Oqood has raised $1 million in seed funding from a group of angel investors to expand its AI-powered legal solutions.
Founded in 2024 by Khaled Al Rasheed, Oqood builds AI-driven legal solutions to streamline workflows and improve efficiency for law firms and corporate legal teams.
- Automate repetitive processes
- Simplify documentation
- Enhance communication between clients and lawyers
"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 expand across the GCC and advance its AI-powered legal products.
Author's summary: Oqood raises $1 million to expand AI legal solutions.