LexCheck, a New York-based AI-powered contract negotiation platform, raised an additional $5 million of funding.
The round was led by Ulu Ventures and included participation from Kli Capital and Howard Morgan among other distinguished investors.
The additional funding is being used to further fuel LexCheck’s impressive growth as a trusted solution in the legal technology sector.
LexCheck plans to continue the rapid growth it experienced in 2021, during which the New York-based company opened new offices in London and Melbourne and increased staff headcount by 3x.
Company: LexCheck, Inc.
Raised: $5.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: Ulu Ventures
Additional Investors: Kli Capital and Howard Morgan
Company Website: https://www.lexcheck.com/
Software Category: AI-powered Contract Negotiation Platform
About the Company: Led by Gary Sangha, founder, and CEO, LexCheck is a legal technology company offering an AI-driven platform that accelerates business transactions by, among other things, automatically reviewing and revising pre-execution contracts. LexCheck is the world’s most effective AI-based contract negotiation solution transforming how businesses review and negotiate contracts. LexCheck’s award-winning and groundbreaking technology deliver the highest quality contract revisions and issues lists with the fastest turnaround times in the industry. LexCheck experienced 4x growth during 2021 and its clientele now includes Fortune Global 500 companies and top law firms.
Source: https://www.lexcheck.com/press/lexcheck-raises-5-million