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TermScout Secures $1.25 Million Seed Funding to Grow Legal Tech Offerings and Sales

Otto Hanson, JD Jul 29, 2020 3:05:40 AM

All of us at TermScout are excited to announce that we’ve closed a $1.25 million funding round – and previous $350,000 convertible note for a combined $1.6 million. The Series Seed includes investments from Hilltop Venture Partners, Techstars, and EonCapital.  See the full press release here. 

US businesses sign billions of contracts each year, spending an average of $6,900 to review even simple, low-risk contracts, according to an IACCM Research Report on The Cost of a Contract. Why spend $6,900 when TermScout offers contract review services using artificial intelligence plus real human attorneys for under $100 per contract?  

Stay tuned over the next few months as we develop the contract review comparison platform, the contract database, and launch a website offering free and premium information about the top B2B SaaS contracts.

We’ll also be expanding our team – you can learn more about joining us here.