Fundraising Fox
Tower
YC W24Toronto, CA · Founded 2024 · 3 employees · 8 known investors
Find your way into Tower
Sign up to see every warm intro you have to Tower
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Tower team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Tower provides AI-powered due diligence infrastructure that collects, structures, and analyzes unstructured data from multiple sources to support financial and legal decision-making. The platform serves investment firms, corporate buyers, and their advisors conducting asset evaluations and transactions.
Also known as Tower Software Labs Inc.
AI & Machine LearningEnterprise SoftwareFintechLegalTechArtificial IntelligenceWorkflow AutomationLegalAI AssistantCanadaAmerica / Canada
Founders & leadership· Y Combinator alumni (W24)
Tower was founded in 2024 by Adam Dorfman and Andy Zhang.
AD
Adam DorfmanCo-Founder & CEOHe previously worked as an early engineer at Float, a Canadian corporate card company, and at Apple on software for audio hardware manufacturing and AI-powered computer vision research through DarwinAI. He studied mathematical physics at the University of Waterloo and completed internships in data science, machine learning, and software engineering.
AZ
Andy ZhangCo-Founder & CTOHe previously served as founding engineer at ArenaX Labs, a Web3 AI gaming startup that raised a Series A, and conducted reinforcement learning research at an investment trust; he holds degrees in computer science from the University of Waterloo and business administration from Wilfrid Laurier University.
Investors · 8
Y Combinatorlisted by Y CombinatorSan Francisco · $500K
How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us
Dig Ventures Management LimitedreportedSt Peter Port
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
Roosh VenturesreportedKiev
How we know: thesaasnews.com · Not right? Tell us
Also in the syndicate · 2
Celero VenturesDIG Ventureslead
Funding
SEC filings, press & company announcements- Undisclosed amountPre-Seed & SeedMar 2026
DIG Ventures (lead), Speedinvest (lead), Angel Invest, Celero Ventures, Flyer One Ventures, Roosh Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
The YC application· Winter 2024 batch
Alumni Q&A
- What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?
- The founders, Adam and a co-founder with backgrounds in software engineering and AI research, aim to reduce legal costs and automate repetitive tasks that occupy lawyers. They interviewed hundreds of lawyers and identified pain points affecting in-house legal teams.
- What is your long-term vision? If you truly succeed, what will be different about the world?
- The founders envision lawyers spending their time on advisory and strategic work rather than tasks such as searching precedents or administrative work, with clients ranging from large corporations to individuals gaining access to more affordable legal services.
Summarized from the founders' answers on their Y Combinator profile.
Images
Related companies · 7
Draft The RecordDraft The Record uses AI to generate court transcripts and assist with legal research and trial preparation, serving attorneys, court reporters, and transcribers across depositions, trials, and other judicial proceedings. The platform reduces transcript turnaround time and trial preparation workflows through automated transcription and document analysis.
Sensor TowerSensor Tower provides digital intelligence and analytics on mobile apps, games, web, and digital advertising, giving companies visibility into consumer behavior, usage, engagement, and competitor strategies. It serves marketers, app developers, and gaming leaders, with more than 2,500 enterprise customers worldwide.
Mage LegalMage provides transactional diligence services for mergers and acquisitions, automating the review and analysis of legal documents from data room through closing for deal teams and counsel.
SteamSteam is a digital platform for purchasing, downloading, and playing video games, serving both individual gamers and game developers worldwide.
Pearson LabsPearson Labs develops AI agents that automate corporate transactions for law firms, helping them manage large business operations more efficiently and reduce delivery costs.
BentleyBentley provides software for infrastructure professionals to design, build, and operate infrastructure projects across multiple disciplines and lifecycle phases. The company serves engineering firms and infrastructure owners globally with solutions for planning, design, construction, and operations.
AbelAbel provides independent reviews of UK money management apps and budgeting tools, helping users in their 20s to 40s evaluate financial apps through hands-on testing and transparent reporting of fees, features, and safety practices.
Companies working in the same space as Tower.
Legal entities · 1
corporate structureTower Software Labs Inc.
In the news
Frequently asked questions
- What does Tower do?
- Tower provides AI-powered due diligence infrastructure that collects, structures, and analyzes unstructured data from multiple sources to support financial and legal decision-making. The platform serves investment firms, corporate buyers, and their advisors conducting asset evaluations and transactions.
- Who founded Tower?
- Tower was founded by Adam Dorfman, Andy Zhang in 2024.
- Who are Tower's investors?
- Tower's investors include Y Combinator, Angel Invest, Dig Ventures Management Limited, Flyer One Ventures, Roosh Ventures, Speedinvest.
- Where is Tower headquartered?
- Tower is headquartered in Toronto, CA.