LexCheck Raises $17 Million in Series A  

by Kay Aloha Villamor in December 15th, 2022

LexCheck, a New York-based AI-powered contract acceleration and intelligence platform, announced that it raised $17 million in Series A funding led by Mayfield Fund.

This funding will fuel the expansion of LexCheck’s trusted contract review technology as it helps businesses accelerate growth by unlocking legal talent.

The funds will be used to build upon its industry-disrupting technology and accelerate the delivery of its product vision, with a focus on the customer experience.

“One of the biggest opportunities for businesses today is to minimize the inevitable friction caused by increased specialization and expectations to scale. The ability to accelerate revenue and actualize on business decisions typically delayed by prolonged negotiations is critical for businesses as they navigate today’s how-to-do-more-with-less economy,” said Gary Sangha, CEO of LexCheck. “Lawyers have the opportunity to lead the charge of expediting revenue generation and achieving ROI on enterprise spend, all while fulfilling their duty to appropriately mitigate enterprise risk. As a lawyer and entrepreneur, I’ve experienced both sides of these countervailing interests, which is why I’m passionate about solving this problem.”

This funding comes on the heels of a significant period of growth for LexCheck. The company has tripled its customer base in the last year. LexCheck has seen success with customers across more than 14 different industries, including some of the world’s largest financial institutions, fastest-growing technology providers, and top law firms.

Company: LexCheck, Inc.

Raised: $17.0M

Round: Series A

Funding Month: December 2022

Lead Investors: Mayfield Fund

Additional Investors: 

Company Website: https://www.lexcheck.com/

Software Category: Contract Acceleration and Intelligence platform

About the Company: LexCheck is a contract acceleration and intelligence platform. It’s an award-winning AI technology that delivers on this promise by providing the highest quality revisions with the fastest turnaround times in the industry. LexCheck frees legal teams to bring strategic value to the business by simplifying and accelerating commercial contracting processes. Its mission at LexCheck is to help businesses increase revenue by simplifying and accelerating commercial contracting processes. LexCheck is headquartered in New York City, with offices in San Francisco, Los Angeles, Toronto, Vancouver, and Melbourne.

Source: https://www.lexcheck.com/press/lexcheck-raises-17-million-series-a

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