ContractPodAi, a of AI-powered contract lifecycle management software, today announced a £45.5m Series B investment round led by Insight Partners with participation from the company’s Series A backer, Eagle Proprietary Investments.
This investment represents Europe’s largest legaltech Series B fundraise.
ContractPodAi is an end-to-end solution for all three aspects of contract management: contract generation, contract repository, and third-party review. Its technology uses AI to streamline all areas of the contract management process, massively reducing the burden on corporate in-house legal teams and transforming them to tech-enabled value centres for the wider business.
Founded in 2012, ContractPodAi now serves customers across every continent, with offices in London, New York, San Francisco, Glasgow, and Mumbai.
Sarvarth Misra, co-founder and CEO of ContractPodAi, said: “This is a truly exciting time for the legal technology sector – we are on the cusp of the legal sector’s very own industrial revolution.
“We are hugely passionate about building platforms that help lawyers do their jobs more effectively and allow them to focus on what they love doing. Our solution is customer-focused and our team has both the legal and tech experience needed to disrupt the legal world and unlock added value.
“This new investment will allow us to take ContractPodAi to a much wider audience, serve our customers better and ensure we continue our rapid growth trajectory. We are delighted to be partnering with the Insight team, who are widely recognised as the leaders in the enterprise software investment space and have a well-established support mechanism for rapid scale-ups in sales, marketing and product.”