Spellbook Closes US$50M Series B Round

Spellbook, which makes AI products for law firms, has closed a US$50 million (C$70 million) Series B round led by Khosla Ventures, one of the top venture capital firms in Silicon Valley.
Based in St. John’s and Toronto, Spellbook announced the funding Thursday, saying the deal values the company post-money at US$350 million, or C$490 million.
Khosla Ventures and Palo Alto-based Threshold