Clause receives $5.5 million in latest funding round

Clause, a provider of smart contracting technology, is closing $5.5 million in a Series A round of funding, enabling Clause to further its development efforts.

The Series A round was led by Galaxy Digital, with strategic investment from DocuSign and participation from existing investors BN Capital at Lerer Hippeau, and London-based Seedcamp.

Several new investors were added to the funding round including Raptor Group, Galaxy Digital’s EOS VC Fund backed by, Nat Turner and Zach Weinberg (co-founders of Flatiron Health), Tom Gonser (founder of DocuSign), and Jonathan Summers (co-founder of Everett Capital Advisors).

As part of the Series A round, two new executives will join the Clause board of directors. The new board members include: Mike Dinsdale, CFO of cloud-based enterprise people management company Gusto, and Greg Wasserman, Co-Head of Principal Investments at Galaxy Digital.

Documents no longer need to be merely static records of agreement but can now be a truly integrated part of enterprise technology stacks, said Peter Hunn, founder and CEO of Clause.

Contracts and other documents can now be APIs and with this funding round Clause adds a wealth of collective experience in disrupting enterprise contracts through digitization, Hunn said.

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