# Norm AI funding: rounds and investors > Norm AI has raised $218M across 3 rounds since 2025. Investors include Coatue, Bain Capital Ventures and Craft Ventures. Every round with its source. Source: https://millionrounds.com/company/norm-ai (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *Norm AI* 3 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Legaltech Regtech Raised 4 months ago Follow Norm AI and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fnorm-ai) Funding summary Updated 5 Nov 2026 **$218M** raised across 3 rounds since 2025, from 5 sources **$48M** Round **$50M** Growth **$120M** Series C - **Latest round:** Series C, $120M Jul 2026 - **Led by:** Khosla Ventures - **Step-up i:** 2.4× - **Investors:** 13 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$48M** Round **$50M** Growth **$120M** Series C - **First round:** Round, $48M - **Biggest round:** $120M - **Usual gap between rounds:** 8 months ## The rounds - **Jul 2026** Series C **$120M** *9 new* *3 returning* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) Lead [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Coatue](https://millionrounds.com/fund/coatue-management) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Fenwick & West](https://millionrounds.com/fund/fenwick-and-west) [New York Life](https://millionrounds.com/fund/new-york-life) [TIAA](https://millionrounds.com/fund/tiaa) [Vanguard](https://millionrounds.com/fund/vanguard) [Fenwick LLP](https://millionrounds.com/fund/fenwick-llp) [Jeff Hammes](https://millionrounds.com/fund/jeff-hammes) [Tony James](https://millionrounds.com/fund/tony-james) Reported by TechCrunch and 2 others - **Nov 2025** Growth **$50M** *3 new* *1 returning* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Coatue](https://millionrounds.com/fund/coatue-management) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) Source recorded - **Mar 2025** Round **$48M** *1 new* [Coatue](https://millionrounds.com/fund/coatue-management) Lead Reported by AlleyWatch ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2025 **Growth** 2025 **Series C** 2026 [Coatue](https://millionrounds.com/fund/coatue-management) L [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Craft Ventures](https://millionrounds.com/fund/craft-ventures) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) L [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) [Fenwick & West](https://millionrounds.com/fund/fenwick-and-west) [New York Life](https://millionrounds.com/fund/new-york-life) [TIAA](https://millionrounds.com/fund/tiaa) [Vanguard](https://millionrounds.com/fund/vanguard) ## Everyone who backed them [Coatue](https://millionrounds.com/fund/coatue-management) VC firm **3** rounds, led 1 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **2** rounds [Craft Ventures](https://millionrounds.com/fund/craft-ventures) VC firm **2** rounds [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round, led 1 [Blackstone Group](https://millionrounds.com/fund/blackstone-group) Private equity **1** round [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) VC firm **1** round [Fenwick & West](https://millionrounds.com/fund/fenwick-and-west) Investment firm **1** round [New York Life](https://millionrounds.com/fund/new-york-life) Growth equity **1** round [TIAA](https://millionrounds.com/fund/tiaa) VC firm **1** round [Vanguard](https://millionrounds.com/fund/vanguard) Corporate VC **1** round [Fenwick LLP](https://millionrounds.com/fund/fenwick-llp) Growth equity **1** round [Jeff Hammes](https://millionrounds.com/fund/jeff-hammes) Growth equity **1** round [Tony James](https://millionrounds.com/fund/tony-james) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=norm-ai). ## Also claim to have backed them These 4 firms list Norm AI as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Expa](https://millionrounds.com/fund/expa) VC firm Per its own site [Allison Pickens](https://millionrounds.com/fund/allison-pickens) Angel Per its own site [Octant Ventures](https://millionrounds.com/fund/octant-ventures) VC firm Per its own site [The New Normal Fund](https://millionrounds.com/fund/the-new-normal-fund) VC firm Per its own site ## Quick answers about Norm AI ### Who invested in Norm AI? Norm AI's investors include Coatue, Bain Capital Ventures, Craft Ventures, Khosla Ventures and Blackstone Group, and 8 more on record. Khosla Ventures led its latest round. ### How much has Norm AI raised? Norm AI has raised $218M across 3 rounds since 2025. ### When did Norm AI last raise? Norm AI's most recent round was a Series C of $120M in Jul 2026, led by Khosla Ventures. ### What was Norm AI's biggest round? Its most recent round, $120M in Jul 2026, is also its largest on record. ### Who backed Norm AI first? Norm AI's first round on record, in Mar 2025, was backed by Coatue. ### What stage is Norm AI at? Norm AI's latest named round is a Series C, in Jul 2026. ### Where is Norm AI based? Norm AI is based in the United States. ### Who led Norm AI's rounds? Coatue led the Undisclosed round in 2025; Khosla Ventures led the Series C in 2026. ## Companies like Norm AI In the same sector, and raised in the last eighteen months. 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