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 Block.one, 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.
For more information about this funding news, visit https://clause.io/.