AI Contract Management platform provider, LinkSquares secured $100 Million in funding

LinkSquares, a Boston-based AI-supported contract management platform provider, has now secured $100 million in a Series C funding round.

LinkSquares was founded by Vishal Sunak. It is an AI-powered end-to-end contract lifecycle management platform that allows customers to take control of their contracting process with full visibility.

With LinkSquares, users can write better contracts, standardized contract language and understand what is in their agreements from a single system.

Its clients base include EDB, Pegasystems, Igloo, and Ionis Pharmaceuticals.

Spencer McLeod, the partner at G Squared, said, "LinkSquares has built a bespoke AI solution for an arcane industry problem. We believe the company has a fundamentally superior technology stack that makes its offering one of the preeminent solutions for modern legal teams. The company’s management team is customer- and product-obsessed, and it shows – not only in the product’s exceptional quality but in its industry-high user satisfaction, best-in-class win rates, and robust unit economics. G Squared is thrilled to support LinkSquares’ vision for the future of legal technology."

Vishal Sunak, CEO, LinkSquare, said, "Today’s investment marks a significant new phase in our company’s growth. Having worked with hundreds of the top CLOs and GCs in the country, we know that legal leaders are ready to take their seats at the table. But, they need insightful analysis extracted from data-driven tools to get there. CLM was the natural place to start. Over time, we aim to help legal leaders finally shed their reliance on single-point products, spreadsheets, and email, all while continuing to surface the hidden data that is required to make informed decisions at the executive level."

The round, which brings the total funding to $161.4 million, at a current valuation of $800 million, was backed by G Squared, with participation from G2 venture Partners, Xerox Holdings, and Xerox Ventures.

The AI startup, as of now, has plans to use the new funds to expand on company’s vision to serve as the singular hub for legal teams, notes the announcement.