Seal Software, a San Francisco, CA-based provider of Contract Discovery and Contract Analytics solutions, secured $4m in funding.
The round was led by Vinny Smith’s Toba Capital and supported by existing investors. In addition to the funding, software industry veteran Paul Sallaberry joined its board of directors.
The company intends to use the funds to continue to grow.
Led by Ulf Zetterberg, chief executive officer, Seal Software provides a Contract Discovery suite for businesses to have visibility and control of their contracts throughout the enterprise. Its recently introduced Contract Analytics solution is designed to provide an expanded level of visibility into contracts and their clauses using real-time queries that can be performed in minutes. The company’s solutions are used by hundreds of businesses worldwide, including Fortune 500 financial, marketing, technology and pharmaceutical companies, and are integrated into a wide range of industry leading Contract Lifecycle Management (CLM) and Customer Relationship Management (CRM) software platforms.