Contractbook raises $9.4 mn led by Bessemer Venture Partners

Contractbook, a legal tech automation company , has raised $9.4 million in a Series A investment round, led by Bessemer Venture Partners.
Contractbook foundersExisting investors including Gradient Ventures have participated.

Less than a year ago, Gradient Ventures, which is Google’s AI-focused venture fund, led the company’s €3.5 million seed round.

Copenhagen-based Contractbook provides collaborative cloud-based platform that manages the end-to-end contract lifecycle, said Niels Martin Brochner, CEO and cofounder of Contractbook.

100,000 active users across more than 2,000 customers use Contractbook for its contract lifecycle management system to create, sign, store, organize, and analyze their contracts in a single, fully automated workflow.

Contractbook’s technology enables process automation and business operations for its customers. Contractbook will use the funding to expand its operations into the U.S. market and rollout new smart contract analysis features that will result in time savings and productivity improvements for customers.