Scott Stevenson, Co-Founder and CEO of Spellbook of St. John’s, has won the Rocketship Award as leader of the fastest-growing company in Canada at the inaugural Built in Canada Awards.

The Built in Canada Awards recognize tech companies that develop their product in Canada, and the organizers received more than 400 entries in the first edition of the awards. The winners were announced on April 1.

Spellbook’s AI copilot, which uses large language models, allows law firms and in-house counsel to draft, edit and review legal contracts. Spellbook products are now used by about 4,000 customers across 80 countries, which the company says is more than any comparable AI contract-review product. Its customers include such blue-chip companies as Nestlé and eBay, as well as the British-American law firm Kennedys Law.

In late October, Spellbook closed a US$50 million Series B venture capital round led by Khosla Ventures, one of the top venture capital firms in Silicon Valley. The company said the deal valued Spellbook at about US$350 million.