ContractPodAi Raises $55 Million in Series B Round

On July 17, 2019, ContractPodAi, a leading provider of AI-powered contract lifecycle management (CLM) software, announced a $55 million Series B investment round led by Insight Partners, with participation from the company's Series A backer, Eagle Proprietary Investments. This $55 million investment represents Europe's largest legaltech Series B fundraise and the largest Series B round for any CLM provider globally. Wilson Sonsini Goodrich & Rosati represented ContractPodAi in the transaction.

ContractPodAi uses AI to streamline all areas of the contract management process, massively reducing the burden on corporate in-house legal teams and transforming them into tech-enabled value centers for the wider business. Founded in 2012, the company now serves customers across every continent. The new investment will allow ContractPodAi to significantly scale-up its product development, sales, and customer success teams globally and consequently help meet the growing demand with global corporations.

The WSGR team advising ContractPodAi includes partners Dan Glazer and Mike Labriola and associates Mark Bass, Diviya Padman, and Betty Rosenbaum.

For more information, please see ContractPodAi's press release.