LinkSquares Secures $100M in Series C Funding Led by G Squared

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Funds will accelerate company’s vision to serve as a one-stop hub for legal teams

BOSTON–(BUSINESS WIRE)–LinkSquares, the company behind the AI-powered contract management platform of choice, announced today that it has raised $100 million in funding series C venture led by G Squared, with new investor G2 Venture Partners also joining as existing investors. This brings the company’s total funding to $161.5 million, at a current valuation of $800 million. To date, the company has built relationships with over 500 internal legal teams, including Wayfair, DraftKings and Drift. General counsel and general counsel at these companies use LinkSquares’ end-to-end contract management tools to better understand their business commitments, which were previously buried in thousands of contracts. With this new funding, the company intends to advance its contract management offerings, while modernizing tools in other priority areas for CLOs, GCs and their teams.

“LinkSquares built a bespoke AI solution for an obscure industrial problem. We believe the company has a fundamentally superior technology stack that makes its offering one of the preeminent solutions for modern legal teams,” said Spencer McLeod, Partner at G Squared. “The company’s management team is obsessed with customers and products, and this shows not only in the exceptional quality of the product, but also in user satisfaction, best-in-class success rates and strength of the economic unit. G Squared is thrilled to support LinkSquares’ vision for the future of legal technology.

Gartner predicts that legal departments budgets allocated to technology will triple by 2025. This development comes as legal departments modernize their technology stacks to keep pace with changing business.

“Today’s investment marks another important step in the growth of our business. Having worked with hundreds of the nation’s top CLOs and GCs, we know that legal leaders are ready to come to the table. But, they need insightful analytics pulled from data-driven tools to get there,” said Vishal Sunak, CEO of LinkSquares. “CLM was the natural starting point. Over time, our goal is to help legal executives finally shed their reliance on products, spreadsheets, and single-point emails, while still making data appear. hidden secrets necessary to make informed decisions at the management level.

Founded in 2015, LinkSquares has quickly become the market leader in contract management and analytics, combining the power of first-of-its-kind artificial intelligence with the expertise of its top legal clients to s ensure they have the fastest legal services. contract analysis and management. Businesses are able to be up and running on LinkSquares’ contract management tools in days, and today LinkSquares is the first and most powerful end-to-end AI-powered solution for cycle management. life of contracts.

  • Finalize is an AI-powered solution that enables your legal team to draft, review and approve contracts faster by providing complete visibility into your contracting process from drafting to signing
  • Analyze offers post-signature analytics and a searchable repository for every contract, enabling companies to leverage AI to extract contract data to reduce risk, increase revenue and improve their business.
  • Integrations with Salesforce, Adobe Sign, DocuSign, and HelloSign, ensure that wherever your data resides, LinkSquares gives you a single view.

“LinkSquares has made it easy for our team of more than 165 legal professionals to find the legal contacts and information they need,” said Clay Davis, director of global legal operations at TechData. He continued, “It’s helped us operate as a truly global company, break down information silos, and scale efficiently.”

Dan Oros, Partner at G2 Venture Partners, said, “We are thrilled to be part of the LinkSquares journey as they digitally transform the legal function. LinkSquares’ industry-leading product is relevant to every industry, and for every client, they enhance the legal function, enabling the business to operate more efficiently and strategically.

Chris Fisher, Managing Director of Xerox Ventures, said, “Xerox Ventures invests in technology and market leaders that are leading the way to transformative gains in efficiency, cost savings and revenue. LinkSquares brings scalable automation into a traditionally fragmented process while delivering exceptional customer experiences. Xerox as a customer and partner, LinkSquares can drive continued adoption across our portfolio of companies, our substantial customer base and the broader market.

The company has earned accolades such as the Inc. 5000 winner, Fast Company Most Innovative Company, and Gartner Cool Vendor for Contract Lifecycle Management in 2020, in addition to consistently appearing as a winner on G2 for Best Software Solutions . A new Total Economic Impact™ (TEI) report from Forrester Consulting has measured the potential return on investment that LinkSquares CLM can deliver to customers. The cost savings from deploying LinkSquares is a return on investment (ROI) of 352% and a net present value (NPV) of $2.71 million.

By the numbers:

  • More than four million documents processed

  • Over 100 million unique data points extracted to date

  • Expanded the smart value bank that clients use to extract contract trends and patterns by 6 in the last year, providing access to over 100 critical terms

For more information about LinkSquares’ AI-powered contract lifecycle management platform, contact [email protected]

About G Squared

G Squared is a global venture capital firm that partners with dynamic companies throughout their life cycle as a provider of comprehensive capital solutions, working to create value for companies, investors, employees and other stakeholders. The firm focuses on investing in growth-stage technology companies and has invested in more than 100 portfolio companies since its inception in 2011. The firm’s subsidiary, G Squared Ascend, offers transformative private companies a pathway to public procurement via PSPC. For more information about G Squared and its portfolio, visit: www.gsquared.com.

About G2 Venture Partners

G2 Venture Partners is a venture capital and growth firm that invests in emerging technology companies that are digitizing traditional industries and driving market transformations. Drawing on global industries ranging from transportation, energy and agriculture to manufacturing and logistics, G2VP was founded around a multi-trillion dollar trend: the digitization of industry. As this trend takes root and industries around the world shift from traditional analog to digital processes, G2VP sees huge opportunities for value creation, economic growth and industry disruption. By aligning business, purpose and profit, we aim to open up previously unidentified pathways to sustainability and resource efficiency. Learn more at www.g2vp.com and contact the team at [email protected]

About LinkSquares

LinkSquares is the company behind the AI-powered contract management platform of choice for legal teams who want to move their business forward faster. Clients have everything they need to write better contracts, analyze the content of existing contracts, and better collaborate with their team every step of the way. LinkSquares sets itself apart from other platforms on the market with its powerful AI insights, speed to deliver tangible results through flexible automation, and ability to centralize everything for better visibility and collaboration. For more information, visit https://linksquares.com/.

Justine Boucher

Metis Communications

[email protected]

Source: LinkSquares

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