Parachute

Parachute is building the default legal operating system for SME law firms and businesses. We go beyond core legal work - drafting, reviewing, research - to become a genuine revenue and efficiency engine for the firms that use us. Built on deep insight into what actually matters to SME law firms, Parachute is the platform that helps them do more, earn more, and grow. Formerly operating as Veraty.

• Category: Contract Management
• Location: Sydney, New South Wales, Australia
• Founded: 2024-01-01
• Total funding: 1800000
• Website: https://goparachute.ai

Product & Features

• Instantly create expert-quality legal documents for various use cases, including fundraising and data protection.
• Choose from over 100 templates designed by legal experts from Australia and the UK.
• Utilize AI with 97% accuracy to draft customized legal documents based on specific business needs.
• Simplify legal jargon with AI that explains key clauses and terms in plain language.
• Collaborate in real time with team members using built-in comments, tags, and live editing features.
• Maintain organization with version control to track changes and review past edits of legal documents.
• Sync completed documents to a secure Knowledge Base for easy retrieval and context-aware advice.
• Access expert verification for tailored documents at a fraction of traditional costs.

Notable Customers

• Zed Law
• Zencheck AI
• Locumate
• Nexa Legal
• Fletch Law

Founders & Team

• Ryan Zahrai — CEO and Co-Founder

Funding Rounds

• Pre-Seed — $1.8M (2026-03)

Investors

• Rampersand

Integration partners

• Aderant
• Clio
• Gmail
• Google Drive
• iManage
• InfoTrack
• Microsoft Teams
• Microsoft Word
• NetDocuments
• OneDrive
• Outlook
• SharePoint
• Slack
• Smokeball

Similar Companies

• AIA Contract Documents
• AXDRAFT
• AXICOS AG
• AYIN International
• Aavenir
• Actualization.AI

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