Magnar, a Chile-based startup that builds artificial intelligence software for lawyers in Latin America, said on 7 September 2026 that it had raised an $8m Series A round. The company announced the financing in a post on its own blog.
The round was led by 6 Degrees Capital, which Magnar described as an English fund, with the Mexican fund Hi Ventures as co-lead. FEN Ventures, Platanus Ventures and Nascent Ventures also took part. Gunderson Dettmer, which acted as Magnar's legal counsel on the deal, said the Chilean law firm Carey and the Argentine law firm Beccar Varela also participated.
Magnar did not disclose a valuation or how much it had raised before this round.
“Empezamos Magnar pensando en los abogados de esta región, con sus códigos, sus idiomas y sus formas de trabajar. Esta ronda nos permite dedicar más personas y recursos a hacer una mejor plataforma para quienes ya confían en nosotros y llevar ese trabajo a más abogados de Latinoamérica.”Andrés Arellano, CEO, Magnar
What Magnar does
Magnar's platform brings legal research, the analysis of large volumes of documents and the drafting and review of legal texts into one product. It also works inside Microsoft Word and Outlook. The company said it builds its own databases of legislation and case law for each market, and that users can open the references the software relies on and check them, while legal judgment and decisions stay with the lawyer.
Gunderson Dettmer described the platform as a tool to help users conduct legal research, draft documents and manage contract lifecycles and document workflows.
The company said it started a little over a year before the announcement and now has close to 30,000 users and 350 law firms on the platform. It operates in Chile, Peru, Colombia, Argentina, Ecuador, Costa Rica and Uruguay. Revista Mercado reported that the customer base includes large companies as well as law firms.
Chief executive and co-founder Andrés Arellano told Law.com, as cited by Gunderson Dettmer, that the Latin American legal market had long been underserved, because software built outside the region was not designed for local legal systems.
Law firms as investors
Magnar said Beccar Varela, one of Argentina's best-known law firms, was joining as an investor, as Carey had done earlier in Chile. The company said it valued the backing of firms that know the work closely and use the product themselves.
Revista Mercado reported that Thomas Olszewski, a partner at 6 Degrees Capital, will join Magnar's board. He told the magazine that the fund invested because Magnar had persuaded the region's most demanding lawyers to adopt its product.
What the money is for
Magnar said most of the money would go into a larger development team. It plans to expand its databases of legislation and case law, improve its research, analysis and drafting tools, and keep adapting the product to the way lawyers work in each country.
The company also plans to open in Brazil and Mexico with its own commercial teams and offices in both countries. Magnar said the two markets together have about 1.9 million lawyers, and that it is building legal databases to handle their federal systems. Revista Mercado reported that the company expected to enter both countries in September.
In its existing markets, Magnar said it wanted to deepen its presence in Chile, Peru, Colombia and Argentina and continue its work in Ecuador, Costa Rica and Uruguay. According to Revista Mercado, Magnar aims to reach more than 50,000 lawyers in Argentina by 2027.
Company website: magnar.ai