AI-powered contract management platform Malbek lands $15.3M

Malbek

Contract lifecycle management startup Malbek today announced it has raised $15.3 million in a series A funding round led by Noro-Moseley Partners, with participation from TDF Ventures and Osage Venture Partners. The funding, which brings the company’s total raised to over $20 million, will be used to support product development and expansion, according to CEO Hemanth Puttaswamy.

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Lexion raises $11M to expand its AI-powered contract management platform

Lexicon

Lexion, a platform leveraging AI to streamline legal contract workloads, today announced that it closed an $11 million series A funding round led by Khosla Ventures with participation from Madrona Venture Group and Wilson Sonsini. The capital brings the company’s total raised to $15.2 million to date, and cofounder and CEO Gaurav Oberoi says that it’ll be used to support the development of a workflow module designed to help legal teams manage contract intake, negotiations, approvals, and signatures.

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