Document Crunch, an Atlanta, GA-based provider on AI-powered contract platform, raised $9M in Series A funding.
The round was led by Navitas Capital with participation from Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures.
The company intends to use the funds to grow its team and further develop contract compliance solutions for project teams, who bear the responsibility of contract execution during construction.
Led by CEO Josh Levy, Document Crunch is a contract intelligence platform–leveraging proprietary AI and machine learning–that simplifies construction contracts, quickly identifying critical risk provisions and providing guidance so teams can make great decisions throughout the entire project lifecycle.
Commenting on the news, Josh Levy said: “Our risk review solution has gained significant traction over the past few years, and it has become abundantly clear there is an even greater need to empower project teams and de-risk contract compliance. When it comes to backing solutions that have gained widespread adoption within our industry, Navitas has an unparalleled record. It is the perfect partnership at the perfect moment in time.”
FinSMEs
13/02/2024