LinkSquares collects $14.5m in its Series A

LinkSquares has collected $14.5m in its Series A round which was led by Jump Capital and will help it continue its 300% year-over-year growth.

Other contributions to the round came from First Ascent Ventures, Hyperplane Venture Capital and MassMutual Ventures.

This investment, which brings LinkSquares total capital raised to £21.4m, will be used to expand its engineering, sales and product teams. Capital will also be used to enhance its platform.

The FinTech builds AI-powered SaaS contract management and analysis tool which helps businesses better mitigate risks and liabilities. The platform captures and analyses all contracts created and stored by a client, giving legal teams and constituents full visibility into their contract repository’s data, content and liabilities.

Its product suite includes crisis management, quarterly reporting, fundraising and M&A diligence, and internal legal and finance projects.

Jump Capital partner Saurabh Sharma said, “LinkSquares is a great example of an enterprise AI use case leveraging advances in natural language processing technology to replace tedious and labor-intensive processes with elegant automation. Its world-class team developed a sophisticated AI-powered tool that is impressively accurate, fast and intuitive.

“The potential for LinkSquares is huge, as in-house counsel and operational leaders begin to leverage LinkSquares to address pain points felt across the organization, from M&A to financing, sales and beyond.”

LinkSquares closed its former round on $4.8m from backers including Hyperplane Venture Capital and MassMutual Ventures.

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