Last updated 2026-07-21
- Acquired by Litera, Jun 2020
- Raised Pre-Seed round led by Spinach Angels, May 2018
Total raised
—
Last: Undisclosed Round 2018-06
Stage
Acquired
Founded
2018
Headcount
1-10
HQ
Tel Aviv-Yafo, Israel
Sector
Business Software
About
Bestpractix developed an AI-powered platform designed to optimize and simplify contract work. The platform uses proprietary Natural Language Processing (NLP) and Machine Learning (ML) to transform unstructured data into actionable insights, helping lawyers leverage organizational knowledge for accurate, efficient, and consistent contract drafting and review. It integrates with Microsoft Word and can analyze a firm's own documents or public documents from the SEC's EDGAR database.
Funding history · 1 round · — total
2018-05
Pre-Seed
Undisclosed
★ Spinach Angels
Q&A
- What is Bestpractix's primary business?
- Bestpractix provides lawyers with an all-in-one AI-powered productivity platform designed to optimize and simplify contract work through all stages of the drafting process, utilizing proprietary machine learning and natural-language processing technologies.
- When was Bestpractix founded?
- Bestpractix was founded in June 2018.
- What is the current status of Bestpractix?
- Bestpractix was acquired by Litera in June 2020 and is currently inactive.
- Who acquired Bestpractix?
- Bestpractix was acquired by Litera in June 2020.
- Where is Bestpractix headquartered?
- Bestpractix is headquartered in Tel Aviv-Yafo, Center District, Israel.
- How many employees does Bestpractix have?
- Bestpractix has 1-10 employees.
- Who are the founders of Bestpractix?
- The co-founders of Bestpractix are Omer Hayun, who also serves as CEO, and Uri Goren.
- Which sector does Bestpractix primarily operate in?
- Bestpractix primarily operates in the Business Software sector.
Team · 2
Sectors & technology
Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development Tools
Technologies
Platforms & InterfacesWebArtificial IntelligenceNatural Language ProcessingMachine Learning
Target customers
Enterprise & Professional ServicesLegal Services
Business model
B2B
Highlights
Verified
Tags
natural-language-processinglegaltechweb-platformsoftware-applicationsdata-optimizationenterprise-solutionsartificial-intelligencebpm
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | www.bestpractix.com |
|---|---|
| linkedin.com/company/11805084 |
Identifiers & details
| Founded | 2018-6 |
|---|---|
| Status reason | Acquired (Inactive) by Litera on Jun 2020 - closed due to acquisition |
Acquisitions & public offerings
Acquired by Litera 2020-06
Radar intelligence
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 515860302 |
|---|---|
| Status | מחוסלת מרצון — CLOSED |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2018-06-14 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2022 |
| Active charges / liens | 0 |
| Registry events | 0 |
| Registered address | בני משה 16 תל אביב - יפו |