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Legal Tech · Active

Parachute

Legal AI that
reads contracts.

SectorLegal Tech
Entry2024
Rampersand rolePre-seed · lead
StatusActive
Founded
2024
Sydney
Founders
Ryan, Dave, Vivienne & Reed
Ryan Zahrai (CEO) · Dave Berner (CTO, ex-Kinde) · Vivienne Chan (CPO, ex-Rent the Runway) · Reed Li (COO)
Rampersand role
Lead
Pre-seed · Lead
Latest round
A$1.8M
Pre-seed · 2025
Why we invested

Why Parachute,
and why then.

Contracts look like text. They aren't – they're arguments with a particular grammar and a rich history of how clauses move against each other. Most legal AI treats them like a blob of words. Parachute doesn't.

Ryan Zahrai (CEO, ex-head of legal at Eucalyptus) leads Parachute alongside Dave Berner (CTO, co-founder & ex-CTO of Kinde), Vivienne Chan (CPO, ex-Rent the Runway) and Reed Li (COO). They're building the legal operating system they wished they'd had: AI-powered drafting, contract review and advisory tools for the long tail of legal practices that big-vendor tech ignores.

The journey so far

Parachute ×
Rampersand

2024

Pre-seed round

Rampersand led Parachute's pre-seed to build an AI legal OS for SME law firms.

A$1.8M
2025

Platform scaling

Parachute rolled out AI-powered document drafting, contract review and advisory workflows.

Partner

AP

Andrew Poesaste

Partner

Andrew led our pre-seed alongside angels and sits with the team on positioning and first enterprise wins.

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