# Clause

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clause

- Industry: Software
- Headquarters: New York, US
- Website: www.clause.io
- Total disclosed funding: $5.5M
- Latest round: Series A (Jun 27, 2019)
- Investors on record: 6

## About

Clause, Inc. is a technology company focused on enhancing contract management through advanced automation solutions, aimed at improving legal operations for businesses.Clause, Inc. was founded in 2015 in New York, US, and specializes in developing contract automation tools to improve legal operations. The company has completed 5 deals, with the most recent funding round being a Series A which raised USD 5.50 mn led by Galaxy, alongside other investors including DocuSign, Inc. The current CEO is Peter Hunn, who co-founded the company with Dan Selman.Clause.io specializes in providing advanced contract management solutions designed to streamline and enhance the efficiency of legal operations for businesses. Their core offerings include contract automation tools that allow users to create, manage, and analyze contracts seamlessly. By integrating artificial intelligence with user-friendly interfaces, Clause.io enables clients to automate repetitive tasks, ensuring compliance and reducing errors in contract processing. The platform primarily serves corporate legal teams, procurement departments, and finance organizations, facilitating better collaboration among stakeholders. Key geographical markets for these products include North America, Europe, and parts of Asia, where businesses are increasingly adopting digital solutions to optimize their legal workflows.Clause.io generates revenue through a subscription-based model, allowing companies to access their contract management platform on an ongoing basis. Typically, clients enter into annual contracts that grant them access to the full suite of features, including automation, compliance tracking, and analytics capabilities. Specific pricing plans are structured to accommodate various organizational sizes, often with tiered levels that offer different functionalities based on client needs. The firm also engages in partnerships with legal service providers and technology integrators, enhancing its distribution channels and expanding its customer base.Looking ahead, Clause, Inc. plans to use the funds raised in the Series A round to accelerate the adoption of smart agreements and expand its sales and marketing efforts to reach new customers. The company is focusing on launching new products aimed at enhancing contract management capabilities, although specific release dates have not been disclosed. Additionally, Clause, Inc. is targeting expansion into new markets across Asia and Europe by 2023, which align with their strategic growth initiatives.

## Funding rounds

- Series A, Jun 27, 2019, $5.5M — DocuSign, Inc., Lerer Hippeau Ventures, Seedcamp, Galaxy Asset Management, EOS VC
- Seed, Oct 28, 2016 — Seedcamp, NextLaw Labs

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- NextLaw Labs — Seed
- DocuSign, Inc. — Series A
- Lerer Hippeau Ventures — Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- EOS VC — Series A