Clause, a NYC-based provider of smart contracting technology, closed a $5.5m Series A funding round.
The round was led by Galaxy Digital, with participation from DocuSign and participation from existing investors BN Capital at Lerer Hippeau, and London-based Seedcamp, as well as Raptor Group, Galaxy Digital’s EOS VC Fund backed by Block.one, Nat Turner and Zach Weinberg (co-founders of Flatiron Health), Tom Gonser (founder of DocuSign), and Jonathan Summers (co-founder of Everett Capital Advisors).
As part of the Series A round, two new executives will join the Clause board of directors:
– Mike Dinsdale, CFO of cloud-based enterprise people management company Gusto, and
– Greg Wasserman, Co-Head of Principal Investments at Galaxy Digital.
The company intends to use the funds to accelerate its business development efforts and further augment its engineering teams.
Led by Peter Hunn, founder and CEO, Clause is a provider of cloud-based smart contract technology, which enables users to add smart clauses to documents to automate business processes, workflows, and digital transactions. The technology allows documents to be integrated fully into enterprise systems, web services, and blockchains to form the backbone of automated business logic.