Ivo (formerly Latch), a San Francisco, CA-based generative AI-powered contract review solution, has secured $4.8 million in funding, bringing its total funding to $6.2 million.
SaaS Investors
The round was led by Uncork Capital and Fika Ventures, along with previous investors Daniel Gross, GD1, and Phase One Ventures.
Founded in 2004, Uncork Capital is a venture capital investment firm based in San Francisco, California, that invests in seed-stage and early-stage companies. The firm focuses on SaaS, consumers, marketplaces, hardware, and new technology startups.
Fika Ventures is a venture capital investment firm based in Culver City, California. Founded in 2016, The firm seeks to invest in companies in enterprise software, fintech, e-commerce, marketplaces, and digital health sectors based in the United States region.
Ivo Use of Funds
The company plans to utilize this new investment to bolster its core team and drive further innovation within its existing product offering.
About Ivo
Founded by Min-Kyu Jung, Serge Thompson, and Jacob Duligall, Ivo is a company that provides a generative AI-powered contract review solution designed to help legal and business teams accelerate time-to-close and unblock contracts from key business processes. Headquartered in San Francisco, Ivo, formerly known as Latch, serves clients including notable names like Automattic (WordPress and Tumblr), Carparts.com, Pipe, SCAN Health, and Commure. Ivo is on a mission to reduce the time, effort, and cost spent on contracts.
Funding Details
Company: Accord Software, Inc.
Raised: $4.8M
Round: Unknown
Funding Month: April 2024
Lead Investors: Uncork Capital, Fika Ventures
Additional Investors: Daniel Gross, GD1, Phase One Ventures
Company Website: https://www.ivo.ai/
Software Category: AI Contract Review
Source: https://www.businesswire.com/news/home/20240404371942/en/