Intelligent software is a major market, with companies leveraging evolving technology to make life easier. LinkSquares does its part with incredible contract management software, allowing companies to write better legal agreements with less hassle. Among those profiting from the legal tech boom, LinkSquares is one to keep an eye on. Read their official announcement below to learn more about the company and its Series C funding.
At the start of the LinkSquares saga in 2015, we learned from conversations with potential customers that there was an urgent need for a legal operating system. Even so, the speed with which digital transformation has come to the industry is remarkable. Today, we’re excited to announce a $100M Series C funding round. We’re raising this capital only nine months from our Series B, a true sign of the amazing future ahead. When it comes to contract lifecycle management (CLM), there has never been a better time to be a buyer.
Invest in the future
Not only are legal teams getting bigger budgets to find solutions that will help them optimize performance, but there are more solution options than ever. You can try different systems, find great deals, and set yourself – and your business – up for the most productive year yet.
Gartner predicts that by 2025, corporate legal departments will have tapped just 30% of the potential benefit of their CLM investments. The sooner you go for it, the sooner you can kick things into high gear. Don’t you wish you could know everything you have in your contracts without tediously sifting through them all?
Well, those wishes are reality for hundreds of General Counsels and legal teams. LinkSquares allows you to get up and running in less than 30 days. Get the best, fastest insight into your legal commitments through custom, portfolio-wide search, and reporting.
Full steam ahead
This month, we closed $100M, led by G Squared, with participation from new investor G2 Venture Partners and our existing investors. It’s taken a lot of hard work to get us here, and I’m thrilled for our team. Over the last seven years, we’ve built relationships with over 500 in-house legal teams, Chief Legal Officers, and GCs. We’ve seen the immense contributions these trailblazers bring to businesses and how they’re showing their value through data-driven actions and insights.
I know I speak for all of us when I say we couldn’t be more proud of the LinkSquares team and their work alongside customers to create a CLM that has turned the industry on its head. Thanks to our first-of-its-kind artificial intelligence, a team that’s more than doubled over the last year, our top-notch board, and the expertise of our top customers, we’ve created the fastest legal analysis and contract management tool on the market. Some of our highlights include:
- 4 million documents processed
- 100 million+ unique data points extracted to date
- A bank of Smart Values providing customers with access to 100+ critical terms
- 70+ new Strategic Values tailored to specific business initiatives
This journey has been incredible, and it’s only the beginning. Together, with our many partners throughout the legal realm, we’re going to help usher in a transformation, one that allows industry leaders to rid themselves of single-point products, spreadsheets, and email.
There’s a world of data hidden beneath the surface, and when we unlock it, legal will cement their seat at the executive table forever.
Up and to the right 🚀.
The original announcement can be found on LinkSquares’ official site.