ContractPodAi Investment Growth

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."

For further information read the full article here.

Subscribe to the Legal Practice Intelligence fortnightly eBulletin. Follow the links to access more articles related to the business of law and legal technology.    

Disclaimer:  The views and opinions expressed in this article do not necessarily reflect the official policy or position of Novum Learning or Legal Practice Intelligence (LPI). While every attempt has been made to ensure that the information in this article has been obtained from reliable sources, neither Novum Learning or LPI nor the author is responsible for any errors or omissions, or for the results obtained from the use of this information, as the content published here is for information purposes only. The article does not constitute a comprehensive or complete statement of the matters discussed or the law relating thereto and does not constitute professional and/or financial advice.

Back to blog