LinkSquares, a Boston, MA-based provider of a comprehensive AI-powered contract lifecycle management and analysis tool, raised $40m in Series B financing.
The round was led by Sorenson Capital with participation from new investors Catalyst Investors, Xerox, Bottomline Technologies, DraftKings’ founders and key legal and compliance executives, and existing investors Hyperplane Venture Capital, MassMutual Ventures, First Ascent Ventures. In conjunction with the funding, Sorenson Capital Partner Brady Broadbent and Bottomline Technologies (NASDAQ: EPAY) General Counsel Danielle Sheer joined LinkSquares’ Board of Directors.
The company, which has raised $61.4m to date, will use the financing to expand its team, advance the technology and develop new strategic business partnerships.
Led by CEO and Co-founder Vishal Sunak, LinkSquares provides a contracting platform to give legal teams the tools they need to move their business forward faster. It enables customers to write contracts, analyze what’s in existing contracts, and collaborate with their team at every step of the way.
The company serves hundreds of notable customers such as Fitbit, Twilio, TGI Fridays, Wayfair and Cogito.