- LinkSquares recently announced it closed $100 million in Series C funding. These are the details.
LinkSquares – the company behind the AI-powered contract management platform of choice – recently announced it has raised $100 million in Series C financing led by G Squared with participation from new investor G2 Venture Partners as well as existing investors. And this brings the company’s total funding to $161.5 million at a current valuation of $800 million.
To date, LinkSquares built relationships with over 500+ in-house legal teams, including Wayfair, DraftKings, and Drift. Chief legal officers and general counsels at these companies are using LinkSquares’ end-to-end contract management tools to better understand their business commitments, which were previously buried in thousands of contracts. And with the new funding round, the company intends to further advance its contract management offerings, while also modernizing tools in other areas of priority for CLOs, GCs, and their teams.
Gartner is projecting that legal department budgets allotted to technology will increase threefold by 2025. And this development comes as legal departments modernize their technology stacks to keep pace with the evolution of business.
Launched in 2015, LinkSquares quickly grew to be the market leader in the contract management and analytics space by combining the power of a first-of-its-kind artificial intelligence with the expertise of its top legal customers to ensure they have the fastest legal analysis and contract management. And companies are able to get up and running on LinkSquares’ contract management tools within a matter of days.
KEY QUOTES:
“LinkSquares has built a bespoke AI solution for an arcane industry problem. We believe the company has a fundamentally superior technology stack that makes its offering one of the preeminent solutions for modern legal teams. The company’s management team is customer- and product-obsessed, and it shows – not only in the product’s exceptional quality, but in its industry-high user satisfaction, best-in-class win rates, and robust unit economics. G Squared is thrilled to support LinkSquares’ vision for the future of legal technology.”
— Spencer McLeod, partner at G Squared
“Today’s investment marks a significant new phase in our company’s growth. Having worked with hundreds of the top CLOs and GCs in the country, we know that legal leaders are ready to take their seat at the table. But, they need insightful analysis extracted from data-driven tools to get there. CLM was the natural place to start. Over time, we aim to help legal leaders finally shed their reliance on single-point products, spreadsheets and email, all while continuing to surface the hidden data that is required to make informed decisions at the executive level.”
— Vishal Sunak, CEO, LinkSquares
“LinkSquares has enabled our team of over 165 legal professionals to easily find the contacts and legal information they need. This has helped us operate as a truly global enterprise, eliminate information silos, and scale efficiently.”
— Clay Davis, Director of Global Legal Operations at TechData
“We are thrilled to be a part of the LinkSquares journey as they digitally transform the legal function. LinkSquares’ industry-leading product is relevant for every industry, and for each customer, they uplevel the legal function, enabling the business to operate more efficiently and strategically.”
— Dan Oros, partner at G2 Venture Partners
“Xerox Ventures invests in technology and market leaders who are paving the way for transformative gains in efficiency, cost savings and revenue. LinkSquares brings scalable automation into a traditionally fragmented process while delivering exceptional customer experiences. With Xerox as a customer and a partner, LinkSquares can drive continued adoption in our portfolio of businesses, substantial customer base and the greater market.”
— Chris Fisher, Xerox Ventures Managing Director
