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