LexCheck raises $17M to automate common contracting processes

VCs continue to bet big on legal tech. According to Crunchbase, firms have invested over $1 billion in legal tech companies, an uptick from the $512 million invested last year. Contract management vendors have benefitted in particular as contracting workloads increase; contracting teams at large organizations now manage an average of 19,000 contracts a year while the busiest organizations manage more than 50,000, according to a 2021 EY survey.
Angling to cash in on the gold rush, LexCheck, an AI-powered contract analysis platform, closed a $17 million Series A funding round today led by Mayfie

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