Ivo, a San Francisco, California–based AI-powered contract intelligence platform, has raised $55 million in Series B funding.
Investors
The round was led by Blackbird, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures.
Blackbird is a venture capital firm that focuses on backing ambitious founders from Australia and New Zealand. It invests across the entire company lifecycle, from pre-seed and seed to Series A and beyond, and manages over A$2 billion in committed capital across its family of funds. Blackbird is industry-agnostic, investing in sectors ranging from software-as-a-service (SaaS) and AI to deep tech, space, and healthcare.
Ivo Use of Funds
The company will use the funds to advance product development and scale the platform as Ivo expands adoption among enterprise customers.
About Ivo
Founded by Min-Kyu Jung and Jacob Duligall, Ivo is an enterprise-grade, AI-powered contract intelligence platform that enables legal and business teams to move faster, reduce risk, and unlock revenue by transforming contracts into streamlined, insight-driven workflows. Ivo’s long-term vision is to elevate contracts into strategic assets for every business. Founded in New Zealand and headquartered in San Francisco, Ivo is trusted by companies such as Uber, Shopify, Atlassian, Reddit, and Canva.
Funding Details
Company: Ivo AI, Inc.
Raised: $55.0M
Round: Series B
Funding Date: January 2026
Lead Investor: Blackbird
Additional Investors: Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, Icehouse Ventures
Company Website: https://www.ivo.ai/
Software Category: Contract Intelligence / LegalTech
Source: https://www.globenewswire.com/news-release/2026/01/20/3221758/0/en/Ivo-raises-55M-to-transform-contracts-into-a-trusted-source-of-intelligence-for-every-business.html