ContractPodAi Raises $115M
ContractPodAi, an award-winning provider of the AI-powered contract lifecycle management (CLM) led ‘One Legal Platform’, today announced a USD $115 million Series C investment headed by SoftBank Vision Fund 2. This latest round saw ContractPodAi’s valuation increase 5x from its previous Series B round in 2019. 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.
Darran Wilson, Regional Director, Asia Pacific stated "It is an extremely exciting time for ContractPodAi globally and more to the point within Asia Pacific, since opening the HQ office for Asia Pacific in 2020. The team has worked extremely hard to raise the profile of Contract Lifecycle Management within the region and has seen a real uptake from organizations to start the digital transformation journey within the last 12 months."
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