Document Crunch, an Atlanta, Georgia-based construction contract intelligence platform, has raised $9 million in Series A funding.
SaaS Investors
The round was led by Navitas Capital and joined by existing major investors including Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures.
Navitas Capital is a venture capital investment firm based in Los Angeles, California. Founded in 2009, the firm seeks to invest in the real estate and construction industries.
Document Crunch Use of Funds
The company will use the funding to continue scaling its contract risk review solution. Additionally, it will support the growth of its team and the further development of cutting-edge contract compliance solutions for project teams responsible for contract execution during construction.
About Document Crunch
Document Crunch is a contract intelligence platform–leveraging proprietary AI and machine learning–that simplifies construction contracts, quickly identifying critical risk provisions and providing guidance so teams can make great decisions throughout the entire project lifecycle. The company is on a mission to empower everyone in the construction industry to understand what’s in their contracts.
Funding Details
Company: Document Crunch, Inc.
Raised: $9.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Navitas Capital
Additional Investors: Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures
Company Website: https://www.documentcrunch.com/
Software Category: Construction Contract Intelligence Platform
Source: https://www.globenewswire.com/news-release/2024/02/13/2828264/0/en/AI-Company-Document-Crunch-Secures-9-Million-Series-A-to-Propel-Mission-of-Bringing-Contract-Intelligence-to-Construction-Projects-Everywhere.html