LinkSquares announced that it has secured $100M in its Series C funding round led by G Squared, with participation from new investor G2 Venture Partners and existing investors. Hence, raising the company’s capital only nine months from its Series B. This brings the total funding of the startup that offers AI-powered Contract Lifecycle Management (CLM) solutions built specifically for in-house legal teams to $161.4 million at an $800 million valuation.
Vishal Sunak, co-founder and CEO of LinkSquares stated: “It’s taken a lot of hard work to get us here, and I’m thrilled for our team. Over the last seven years, we’ve built relationships with over 500 in-house legal teams, Chief Legal Officers, and GCs. We’ve seen the immense contributions these trailblazers bring to businesses and how they’re showing their value through data-driven actions and insights. I know I speak for all of us when I say we couldn’t be more proud of the LinkSquares team and their work alongside customers to create a CLM that has turned the industry on its head. Thanks to our first-of-its-kind artificial intelligence, a team that’s more than doubled over the last year, our top-notch board, and the expertise of our top customers, we’ve created the fastest legal analysis and contract management tool on the market.”
According to Sunak, LinkSquares aims to allow industry leaders to rid themselves of single-point products, spreadsheets, and email. With this new investment, the company wants to continue to grow its business with in-house legal teams, its presence in international markets, and to go “full steam ahead” unlocking full potential of CLM technology.