Total amount raised
$155.8 Million
Latest funding date
2022-05-11
Location
Evisort has recently been acquired by Workday, marking a significant milestone in its journey as an AI-powered contract management software platform. The platform is designed to manage contracts efficiently, offering capabilities in contract lifecycle management and contract intelligence.
Keep reading to explore the intricacies of Evisort's fundraising journey and the investors backing this innovative platform.
What Is Evisort?
Evisort is a leading AI-powered contract management software that has been acquired by Workday. The platform specializes in contract lifecycle management and contract intelligence, offering solutions for various industries, including financial services and healthcare.
Designed to surface risks, spot opportunities, and track obligations, Evisort helps businesses safeguard their operations, enhance financial performance, and manage relationships effectively. The platform's AI capabilities allow for custom model training and compliance automation, delivering significant ROI as evidenced by testimonials from major clients.
How Much Funding Has Evisort Raised?
- Seed Round
- Amount Raised: USD 1,100,000
- Date: February 2018
- Lead Investors: Amity Ventures, Village Global
- Seed Round
- Amount Raised: USD 4,694,988
- Date: February 2019
- Lead Investors: Amity Ventures, Village Global
- Series A
- Amount Raised: USD 15,000,000
- Date: December 2019
- Lead Investors: M12 - Microsoft's Venture Fund, Vertex Ventures US
- Series B
- Amount Raised: USD 35,000,000
- Date: February 2021
- Lead Investors: General Atlantic
- Series C
- Amount Raised: USD 100,000,000
- Date: May 2022
- Lead Investors: TCV
- Debt Financing
- Date: May 2022
In total, Evisort has raised USD 155,794,988.
Key Investors
- TCV
- Details: TCV is a leading growth equity firm that partners with technology companies. They have a history of investing in high-growth companies and helping them scale.
- Investment Focus Areas: Software, internet, financial technology
- Notable Investments: Netflix, Facebook, Spotify
- General Atlantic
- Details: General Atlantic is a global growth equity firm providing capital and strategic support for growth companies. They focus on partnering with entrepreneurs and management teams.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Airbnb, Alibaba, Slack
- M12 - Microsoft's Venture Fund
- Details: M12 is the venture capital arm of Microsoft, investing in early-stage technology startups. They provide not only capital but also access to Microsoft's resources and expertise.
- Investment Focus Areas: Artificial intelligence, cybersecurity, enterprise software
- Notable Investments: Livongo, Outreach, Innovaccer
- Vertex Ventures US
- Details: Vertex Ventures US is a global network of funds investing in early-stage technology companies. They focus on partnering with founders to build transformative companies.
- Investment Focus Areas: Enterprise, cloud infrastructure, cybersecurity
- Notable Investments: PerimeterX, LaunchDarkly, Very Good Security
- Amity Ventures
- Details: Amity Ventures is a venture capital firm that invests in early-stage technology companies. They aim to support innovative startups with the potential for significant growth.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Not publicly disclosed
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