Lexion Seattle, WA-based, an AI-powered contract management system, raised oversubscribed $11 million Series A funding.

The round was led by Khosla Ventures, with participation from existing investors Madrona Venture Group and Wilson Sonsini bringing the total invested to $15.2 million. 

The fund is used to scale go-to-market functions, drive further AI and product innovation, and grow the team, with a mission to offer a simple contract lifecycle management system (CLMs) that just works.

Company: DocuSmart Inc.

Raised: $11.0M

Round: Series A

Funding Month: June 2021

Lead Investors: Khosla Ventures

Additional Investors: Madrona Venture Group and Wilson Sonsini

Company Website: https://lexion.ai/

Software Category: AI-powered contract management system

About the Company: Lexion was created at a world-class AI research institute, is backed by an iconic Silicon Valley law firm by a prominent venture firm. Their founders have built successful companies, cutting-edge AI products, and productivity applications that people love.

Source: https://aithority.com/bs-investment/khosla-leads-11-million-round-in-lexion-a-fast-growing-ai-powered-contract-management-system/