Jofie Yordan · · 1 min readIndonesian legaltech firm bags series B funds to develop legal genAI tool
Hukumonline and MDIF team / Photo credit: Hukumonline
Hukumonline, an Indonesia-based digital legal services provider, has secured a series B round from the Media Development Investment Fund (MDIF). The amount is undisclosed.
In a LinkedIn post, CEO Arkka Dhiratara said the company will use the funds to further develop the Regulatory Compliance System (RCS) – its flagship product – as well as what he calls Indonesia’s first generative AI tool in the legal field.
Enterprise customers can use its AI-powered RCS to check and monitor legal compliance in a real-time and comprehensive way, the company said.
Founded in 2000 by several legal practitioners and lawyers, Hukumonline provides information on laws and regulations in Indonesia, as well as services such as legal consultations and business licensing assistance. The firm claimed to have “thousands” of clients, including law offices, government institutions, and universities.
New York-based MDIF is a longtime backer of Hukumonline – the nonprofit investment fund had injected capital into Hukumonline in its series A rounds in 2017 and 2020. For both rounds, MDIF invested through the Emerging Media Opportunity Fund, its private equity fund.
Overall, MDIF said it has invested US$311 million in 150 media companies across 47 countries.
See also: Rising AI entrepreneur admits to faking his Cambridge Ph.D.
Editing by Putra Muskita and Dhania Putri Sarahtika
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