Ivo raises $16M Series A to expand AI-powered contract review platform
Ivo is revolutionizing contract management by leveraging AI to enhance legal review accuracy, efficiency, and consistency.
Company name: Ivo
Location: San Francisco, CA
Industry: AI-powered contract review
Funding details:
- Amount: $16M (bringing total funding to $22.2M)
- Investors:
- Lead: Costanoa Ventures
- Participants: Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, Phase One Ventures
Purpose of investment:
- Expand operations to support growing enterprise adoption
- Enhance AI capabilities for contract review and negotiation
Leadership:
- Founders: Jacob Duligall, Min-Kyu Jung
Product:
Ivo provides an AI-powered contract review platform that automates legal workflows, ensuring agreements align with company policies and compliance requirements.
Key features:
- Automated contract checking against internal legal requirements
- AI-generated redlines that mirror the work of experienced attorneys
- Compromise language suggestions to resolve conflicts between clauses
- Consistent terminology management with minimal necessary edits
Customer base:
Ivo is used by leading enterprises and Fortune 500 companies, including:
- Canva
- Fonterra
- Pipedrive
- WeightWatchers
- Eventbrite
- Blue Cross Blue Shield Kansas City
About the company:
Founded in New Zealand, Ivo revolutionizes contract management by leveraging AI to enhance legal review accuracy, efficiency, and consistency. The platform helps businesses streamline contract negotiations, reduce legal bottlenecks, and improve compliance.
Future plans:
With this funding, Ivo will scale its AI-driven legal automation capabilities, expand its market reach, and further develop its intelligent contract review solutions for enterprises worldwide.
