Fundz

Lexcheck Raises $17M To Automate Common Contracting Processes

PRIVATEDec 14, 2022

Amount Raised

$17 Million

Round Type

Funding Round

New YorkInformation TechnologyProfessional ServicesSoftwareEducationPrivacy And Security

Investors

Mayfield

Description

VCs continue to bet big on legal tech. According to Crunchbase, firms have invested over $1 billion in legal tech companies, an uptick from the $512 million invested last year. Contract management vendors have benefitted in particular as contracting workloads increase; contracting teams at large organizations now manage an average of 19,000 contracts a year while the busiest organizations manage more than 50,000, according to a 2021 EY survey.

Quick answer

LexCheck raised $17 Million in a Funding Round round, dated December 14, 2022. Investors: Mayfield. LexCheck is based in New York, United States.

How much did LexCheck raise?
LexCheck raised $17 Million in a Funding Round round on December 14, 2022.
Who invested in LexCheck?
Mayfield is named as investors in this round.
What does LexCheck do?
LexCheck frees legal teams to bring strategic value to the business by simplifying and accelerating commercial contracting processes.
Where is LexCheck based and how big is it?
LexCheck is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Professional Services and Education around the same time

Companies in the same sectors as LexCheck that raised within 45 days of this round, from Fundz verified event records.

  • ArmorCode raised $14M (Series A) on November 16, 2022.
  • Fractal raised an undisclosed amount (Funding Round) on January 24, 2023.
  • Disprz raised an undisclosed amount (Funding Round) on January 23, 2023.
  • Damon raised an undisclosed amount (Funding Round) on January 17, 2023.
  • Schola raised $10M (Series A) on January 17, 2023.
  • Cognota raised an undisclosed amount (Funding Round) on January 13, 2023.

Who to call at LexCheck, and when

A new round usually means LexCheck is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day LexCheck raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at LexCheck, from your own LinkedIn network

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Company Information

Company

LexCheck

Location

New York, United States

About

LexCheck frees legal teams to bring strategic value to the business by simplifying and accelerating commercial contracting processes. LexCheck delivers on this promise by creating digital playbooks—based on industry best practices or bespoke to each company’s contracting standards—that automate first-pass contract reviews by delivering redlines, comments, contextual insertions and deletions, and automatically escalating deviations against playbook preferred positions in minutes.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment LexCheck raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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LexCheck raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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