Malbek, a Somerset, New Jersey-based AI-fueled Contract Lifecycle Management (CLM) platform, raised $15.3M in Series A funding.
The round was led by Noro-Moseley Partners, with participation from TDF Ventures and Osage Venture Partners.
The company intends to use the funds to accelerate its proprietary, patent-pending AI product innovations and continue to expand across multiple industries.
Company: Malbec Solutions Inc.
Raised: $15.3M
Round: Series A
Funding Month: September 2021
Lead Investors: Noro-Moseley Partners
Additional Investors: TDF Ventures and Osage Venture Partners
Company Website: https://www.malbek.io/
Software Category: AI-fueled Contract Lifecycle Management (CLM) platform
About the Company: Somerset, New Jersey-based Malbek was founded in 2017 by Brian Madocks, Puttaswamy, Madhusudan Poolu, and Matt Patel. Malbek provides a CLM solution with a proprietary AI core that empowers the enterprise to manage the contracting demands of their entire organization, including Sales, Finance, Procurement, and other critical business units. Its end-to-end contract management platform features integration to popular business applications, like Salesforce, Workday, Slack, Office 365, and others.
Source: https://www.finsmes.com/2021/09/malbek-raises-15-3m-in-series-a-funding.html