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- ContractPodAi
ContractPodAi Funding, Investors & Competitors
ContractPodAi has raised $170M across 2 funding rounds, most recently a $115M Series C in September 2021.
Last ContractPodAi funding round
$115M
Series C · Sep 2021
Cumulative funding ContractPodAi raised
$170M
across 2 funding rounds
Key investors in ContractPodAi
Insight Partners
SoftBank Group
Eagle Proprietary Investments
About ContractPodAi
ContractPodAi is a London-headquartered provider of AI-powered contract lifecycle management platforms for enterprises worldwide. Its Leah Agentic AI solution automates contract drafting, review, negotiation, and execution, integrating with systems from Microsoft, Salesforce, DocuSign, OpenAI, Anthropic, and Google. The company maintains offices in New York, San Francisco, Glasgow, and Mumbai, supporting Fortune 500 clients in finance, healthcare, and technology sectors. Trusted by global organizations for risk management and compliance, ContractPodAi accelerates contract processes while enhancing governance visibility.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
ContractPodAi Funding History
ContractPodAi has raised a total of $170M across 2 funding rounds.
ContractPodAi's first fundraising round was a $55M Series B in July 2019. The most recent completed round was a $115M Series C in September 2021.
ContractPodAi funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2021 | Series C | SoftBank Group (lead); Eagle Proprietary Investments | $115M | ContractPodAi, a London-based provider of AI-powered contract lifecycle management (CLM) software utilizing IBM Watson and Microsoft Azure, raised $115 million in a Series C funding round on September 30, 2021, led by SoftBank Vision Fund 2 with participation from existing investor Eagle Proprietary Investments. The round marked SoftBank Vision Fund 2's first investment in legal technology and aimed to accelerate platform capabilities, expand internationally especially in APAC, and support the 'One Legal Platform' for in-house corporate legal teams handling end-to-end legal lifecycles. The investment valued the company at five times its previous Series B valuation from July 2019, when it raised $55 million led by Insight Partners, though exact figures were not disclosed. Ayush Jain from SoftBank Investment Advisers joined the board. The funding followed record-setting sales quarters, including global enterprise rollouts for Fortune 500 clients, high customer retention, and cost efficiency, with the company recognized as a Visionary in the 2021 Gartner Magic Quadrant for CLM and winning awards like Legal Company of the Year. ContractPodAi's no-code platform offers pre-built applications, guided forms, templates, AI-driven document review, and analytics to streamline legal processes, driving faster revenue recognition, compliance, and workflow optimization. CEO Sarvarth Misra emphasized building a comprehensive legal infrastructure akin to CRM for sales, positioning the company to capture growth in the fast-expanding SaaS legal tech category amid workplace digitization. |
| Jul 2019 | Series B | Insight Partners (lead) | $55M | ContractPodAi is a London-based provider of AI-powered contract lifecycle management (CLM) software, founded in 2012, offering an end-to-end platform for contract generation, repository, and third-party review using technologies like IBM Watson to streamline processes for in-house legal teams. The company announced a $55 million Series B funding round on July 17, 2019, led by Insight Partners with participation from prior investor Eagle Proprietary Investments, marking Europe's largest legaltech Series B at the time and the biggest for any CLM provider globally. Funds were allocated to scale product development, sales, and customer success teams worldwide to address growing demand, with plans for new product launches later that year, including expansions like a Salesforce app integration. Insight Partners highlighted ContractPodAi's capital-efficient growth and customer enthusiasm for its platform, positioning it as a key player in legal operations digital transformation with a horizontal CLM ecosystem. The investment brought board additions like Josh Fredberg from SAP Ariba and Paul Szurek from Insight Partners. CEO Sarvarth Misra noted the nascent stage of legal tech, emphasizing the round's role in broader audience reach and sustained rapid growth trajectory. ContractPodAi had earned recognition such as Gartner's 2019 'Cool Vendor' award and maintained offices in London, New York, San Francisco, Glasgow, and Mumbai. |
Who has invested in ContractPodAi?
3 investors have backed ContractPodAi across its funding rounds, including Insight Partners, SoftBank Group and Eagle Proprietary Investments.
Lead investors include SoftBank Group and Insight Partners.
ContractPodAi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Sep 2021 | ||
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Start Free TrialContractPodAi Competitors
ContractPodAi competitors include listed companies like Snowflake and Z.ai, and private ones like Harvey, Legora, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $300M | - | $16B | 51.7x | ||
| Private | $100M | - | $5.6B | 56.0x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Publicly listed | $108M | ($658M) | $46B | 65.9x |
ContractPodAi Public Comps
ContractPodAi is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, Thomson Reuters, IonQ, MiniMax Group, Andersen Group, Presight AI, Affle 3i and Ncino.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $7.5B | $3B | 6.1x | 5.8x | 15.3x | 14.5x | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $839M | ($121M) | 8.6x | 7.6x | (59.9x) | 29.7x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
This data is available for Pro users. Sign up to see all ContractPodAi competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ContractPodAi
| When was ContractPodAi founded? | ContractPodAi was founded in 2015. |
| Where is ContractPodAi headquartered? | ContractPodAi is headquartered in London, United Kingdom. |
| Is ContractPodAi publicly listed? | No, ContractPodAi is a private, VC-backed company. |
| How much funding has ContractPodAi raised? | ContractPodAi has raised $170M across 2 funding rounds. |
| What was ContractPodAi's last funding round? | ContractPodAi's last funding round was a $115M Series C in September 2021, led by SoftBank Group. |
| Who are ContractPodAi's investors? | ContractPodAi's investors include SoftBank Group, Insight Partners and Eagle Proprietary Investments. |
| Which companies are comparable to ContractPodAi? | Companies comparable to ContractPodAi include Harvey, Legora, Anthropic, OpenAI, Snowflake and Z.ai. |
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