Eudia, a rapidly growing legal startup, has made its first acquisition by purchasing Johnson Hana, an Irish alternative legal services provider. This follows a significant investment from General Catalyst, which earmarked 70% of funds for acquisitions. Eudia's AI platform is designed to assist corporate legal teams with routine matters, intending to create a workforce of 'AI-augmented' legal professionals. With annual recurring revenue exceeding $10 million and projections of reaching $20 million by year-end, Eudia aims to disrupt traditional legal service costs.
Eudia has agreed to buy Irish-founded alternative legal services provider Johnson Hana in its first acquisition. The terms of the deal are undisclosed.
Eudia aims to build a network of 'AI-augmented' legal professionals who can perform tasks for clients at lower costs than traditional legal firms.
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