ContractPodAi, a London, England-based award-winning provider of the AI-powered contract lifecycle management (CLM) led 'One Legal Platform', raised a $115 million Series C investment led by SoftBank Vision Fund 2, with participation from Eagle Proprietary Investments (Eagle).
Proceeds from the round will go towards further accelerating ContractPodAi's platform capabilities and expanding its market presence internationally, leveraging SoftBank's networks to capture new opportunities in the APAC region.
This funding round also marks Vision Fund 2's first investment in legal technology, one of the fastest-growing SaaS categories.
Company: ContractPod Technologies Limited
Raised: $115.0M
Round: Series C
Funding Month: September 2021
Lead Investors: SoftBank Vision Fund 2
Additional Investors: Eagle Proprietary Investments (Eagle)
Company Website: https://contractpodai.com/
Software Category: AI-powered contract lifecycle management (CLM) platform
About the Company: Founded in 2012 and based in London, Well-established as the leader in end-to-end contract lifecycle management, ContractPodAi harnesses the unrivaled AI power of IBM Watson and Microsoft Azure for leading corporations around the world. Now, the platform's robust, intuitive, and easy-to-use capabilities have been extended to handle the entire, end-to-end legal lifecycle – any use-case, any document type, any scenario. ContractPodAi Cloud amplifies your business's readiness through our partnerships with complementary technology providers including IBM, Microsoft, DocuSign, and Salesforce. ContractPodAi® is headquartered in London and has global offices in San Francisco, New York, Glasgow, Chicago, Sydney, Mumbai, and Toronto. More information is available at ContractPodAi.com. ContractPodAi is the recipient of several awards and has been named a Visionary in the 2021 Gartner Magic Quadrant report for Contract Lifecycle Management.
Source: https://www.prnewswire.com/news-releases/contractpodai-raises-115m-in-growth-funding-led-by-softbank-vision-fund-2-to-shape-the-digital-transformation-of-the-legal-industry-301388490.html