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Oqood Secures $1M to Scale AI Legal Solutions

Oqood Secures $1M to Scale AI Legal Solutions

10 October 2025•

By Lucy Unicorn
A man in traditional attire smiles against a red background, showcasing cultural elements and a friendly demeanor.

Khaled Al Rashed, Oqood Founder & CEO

Oqood, a legal technology company specializing in AI-powered legal solutions, has successfully closed its first seed funding round, raising $1 million led by Sanabil, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF).

Kuwaiti lawyer Khaled Al Rashed, founder and CEO of Oqood, stated:

“This round reflects investors’ growing interest in the legal tech sector, which exceeded $31 billion last year and is projected to grow at an annual rate of 9.4% in the coming years.”

He added that Oqood aims to expand its services to more law firms and corporate legal departments through smart digital platforms designed to streamline workflows and enhance client communication, with plans to enter Gulf and international markets in the near future.

Al Rashed emphasized that the new funding will accelerate product development and strengthen the company’s ability to deliver innovative, AI-driven legal solutions to serve the region’s legal ecosystem.

Source: Entarabi

Author

Lucy, the cute female unicorn of Lucidity Insights, waving and standing in front of a purple background.

Lucy Unicorn

Lucy is a young unicorn passionate about responsible business practices, from Sustainability and ESG performance management to deep-dive investigations of the broad socio-political and macro-economic implications of various government and business strategies. Lucy has a knack for research, data analytics, and understanding the implications of new and disruptive technologies. Prior to becoming a tech news reporter, Lucy spent a few years working for the United Nations, researching and evaluating the socio-economic impact of various programs and the adoption of technological innovations. Lucy studied integrated engineering, and worked on converting her fuel-powered car into an electric vehicle as her final project for graduation. Lucy can still be seen driving her zero-emissions vehicle in and around Dubai, where she grew up. Lucy speaks English and Arabic, and completed her studies in Canada, where she also minored in magic powered technological solutions. Lucy specializes in sustainable development, climate tech, ESG, social impact startups, venture capital, macroeconomics and geopolitics.

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