ThoughtRiver, a Cambridge, UK-based provider of an automated contract review and pre-screening platform, raised $10M (£7.5M) in Series A funding.
The round was led by Octopus Ventures supported by existing seed investors Crane, Local Globe, Entrée Capital, Syndicate Room, and angel investor Duncan Painter.
ThoughtRiver recently signed contracts with some of the world’s leading companies, including giants such as G4S, Singtel, and DB Schenker. The company also signed a strategic partnership with PwC, enabling the professional services firm to develop a proposition for its clients and the broader market, powered its software.
Led by CEO Tim Pullan, ThoughtRiver provides an automated contract review software platform for firms looking to accelerate the process of reviewing, negotiating, and signing contracts to drive deal velocity. These firms can also now make critical business decisions informed by data from their black book of contracts, as surfaced by ThoughtRiver.
The company already has offices in New York, Singapore, London, Cambridge and Auckland, and will now focus on growing US market share, scaling its sales and marketing efforts, and rolling out further integrations with major technology partners. As part of its continued international development, ThoughtRiver recently announced the appointment of Michael Lisowski, formerly COO and divisional President at Ascential plc, as Chief Operating Officer.