Ivo, a San Francisco, CA-based AI-powered contract review solution provider, has raised $16 million in Series A funding, bringing its total funding to $22.2 million.
Investors
The round was led by Costanoa Ventures, with participation from Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, and Phase One Ventures.
Founded in 2012, Costanoa Ventures partners with technical and product founders from the earliest stages of company formation, focusing on applications and infrastructure in data, development, and fintech. Costanoa is a long-term partner for entrepreneurs seeking hands-on assistance during the initial stages of their companies, particularly with go-to-market strategies and talent acquisition.
Ivo Use of Funds
The company will use the funding to scale Ivo's AI-powered contract review platform.
About Ivo
Founded by Min-Kyu Jung and Jacob Duligall, Ivo provides an AI-powered contract review platform designed to help legal teams streamline and automate the process of negotiating and reviewing contracts. By using AI, Ivo automatically analyzes contracts, checks them against company requirements, and generates suggestions for resolving discrepancies. Its customer roster includes major companies such as Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, and Blue Cross Blue Shield Kansas City, along with several Fortune 500 companies.
Funding Details
Company: Ivo AI, Inc.
Raised: $16.0M
Round: Series A
Funding Date: February 2025
Lead Investor: Costanoa Ventures
Additional Investors: Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, Phase One Ventures
Company Website: https://www.ivo.ai/
Software Category: Legal AI Contract Review
Source: https://www.globenewswire.com/news-release/2025/02/05/3021329/0/en/Ivo-raises-16M-Series-A-to-deliver-reliable-AI-contract-review-at-scale-as-it-launches-Ivo-Search-Agent.html