NetLex, a Brazil-based provider of contract lifecycle management (CLM) platform in Latin America, has raised $24 million in Series B funding.
Investors
The round was led by Riverwood Capital, a technology-focused growth equity firm with $6.1 billion in assets under management. They invests in high-growth technology companies, providing operational, strategic, technological, and financial insights to help them scale globally. Founded in 2008, Riverwood has supported over 80 companies and has offices in Menlo Park, Miami, New York, and São Paulo.
NetLex Use of Funds
NetLex will use the funds to accelerate product development and introduce new solutions tailored to legal, sell-side, and buy-side applications. The company also aims to expand its presence in international markets, building on its existing foothold in Colombia, Argentina, Chile, the USA, England, Spain, France, and Portugal.
About NetLex
Founded in 2014, NetLex provides a contract lifecycle management platform in Latin America. Its software is used by legal, procurement, and sales teams to manage all contracts of a company, including NDAs, service agreements, sales contracts, and dozens of other types of documents. Trusted by the largest organizations in Brazil and globally, NetLex serves over 200 enterprises and mid-market customers, including prominent companies like Ambev, Samsung, iFood, and Localiza.
Funding Details
Company: NetLex
Raised: $24.0M
Round: Series B
Funding Month: July 2024
Lead Investor: Riverwood Capital
Additional Investors:
Company Website: https://netlex.io/
Software Category: Contract Lifecycle Management
Source: https://blog.netlex.io/en/NetLex-raises-24-million-growth-round-from-riverwood-capital-to-accelerate-innovation-in-contract-lifecycle-management