SpendRule Raises $4M Seed

SpendRule, based in Dallas, Texas, is an AI-powered contract enforcement platform that helps health systems and businesses ensure billing aligns with contracted terms. The company successfully raised $4 million in a seed funding round, bringing its total funding raised to $6 million.

Investors

The round was led by Radical Investments, the venture firm of Mark Cuban, with additional participation from Zeal Capital Partners.

SpendRule Use of Funds

SpendRule plans to use the new capital to deepen its work with healthcare systems, invest in product development and engineering, and expand its contract enforcement technology to serve a wider range of businesses and industries.

About SpendRule

Founded in 2026, SpendRule was co-founded by co-CEOs Joseph Akintolayo and Chris Heckler. The company provides a decision layer between contracts and payments by using AI to read contract terms, audit invoices for discrepancies, and automate the recovery of overpayments for organizations managing complex vendor agreements.

Funding Details

Company Website: https://spendrule.com

Company: SpendRule
Raised: $4M
Round: Seed
Funding Date: October 29, 2026
Lead Investor: Radical Investments
Additional Investors: Zeal Capital Partners
Software Category: AI, Fintech, Healthcare IT
Source: https://www.globenewswire.com/news-release/2026/10/29/3391418/0/en/spendrule-raises-4-million-with-backing-from-mark-cuban-to-build-the-decision-layer-between-contracts-and-payments.html