Lucio, an AI legal technology startup in Bengaluru, has raised an amount of 5 million in a seed funding round. DeVC, a well-known venture capital firm, led the funding initiative. Notable investors, such as Ashish Kacholia, the co-founder of Lucky Investment Managers, and Lashit Sanghvi, the co-founder of Alchemy Capital Management, also participated in key proportions. This infusion of new capital is strategically reserved by Lucio into three major objectives. 

Core services and vision of Lucio

The startup is planning a substantial expansion of its current product range, enhancing its abilities in AI-based personalisation in workflows related to legal activities, and speeding up its strategy of global adoption. The successful fundraiser reveals that the investor base has a robust trust in the fast-moving legal tech industry, and more importantly, in the technology that utilizes generative AI.

Lawyers Vasu Aggarwal and Darsan Guruvayurappan co-founded Lucio in 2022. Lucio also provides a workspace of AI-native workspace that is directly specialized toward the complexity of the legal industry. The platform will support lawyers who have a wide scope of high-volume and routine work and thus release professional time to more strategic activity.

Lucio boasts of having a large client base with over 200 organisations and over 3,000 lawyers in nine international jurisdictions. The basic services offered by the site include these important legal services: full document review, drafting of contracts, due diligence investigations, thorough research of the law, and multi-language translation services. The company claims that, using its platform, the lawyers can save 30 hours per month on average, which contributes to an impressive increase in efficiency and productivity. 

Growth and investors’ interest

When Lucio secured the funding round can be attributed to the fact that Artificial Intelligence has already become popular in many professional industries, and the legal industry is not an exception, as the development of AI can be fruitful there. With the increase in the complexity of legal processes, several legal tech startups have arisen to streamline activities such as contract drafting, writing legal briefs, writing opinions, and preparing court filings. Such a technological change has consequently drawn large numbers of investors towards the legal tech market. Various large funding events in the market have taken place recently, which highlight the high capital flow to AI-driven legal solutions.

The high interest of investors is supported by the fact that India has a fast-growing Generative AI (GenAI) ecosystem that is estimated to reach a huge market of $17 billion by the year 2030. The broader investor belief in the industry can be seen through the mere number of funds raised by AI native startups, which raised more than $1.6 billion collectively between 2022 and the third quarter of 2025. The successful seed round allows Lucio to secure its role among the legal tech startups that will gain access to this growing market and investor interest.

Conclusion

Lucio has successfully raised $5 million during the seed financing round is a good sign that the financial market has been convinced of the disruptive power of AI in the legal profession. With its ability to attract capital through well-established investors such as DeVC, Ashish Kacholia, and Lashit Sanghvi, the Bengaluru-based startup is in a good position to improve its AI-native workspace. As it prepares to expand and increase its international adoption, Lucio is also poised to solidify its position as an automated tool to automate essential legal processes, allowing lawyers to save a considerable amount of time and become a frontrunner in the Indian market of legal technology, where the potential remains high and capitalization is swiftly progressing.