# Lexion

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.lexion.ai
- Total disclosed funding: $36M
- Latest round: Series B (Apr 6, 2023)
- Investors on record: 5

## About

Founded in 2019 and based in Washington, US, DocuSmart Inc., doing business as Lexion, operates as a software company. The company was founded by its CEO, Gaurav Oberoi, CTO, Emad Elwany, and James Baird. In May 2024, DocuSign, Inc. agreed to acquire Lexion.ai from Point72, Citi Ventures, Madrona Venture Group, Khosla Ventures, and Wilson Sonsini Goodrich & Rosati for USD 165 million in cash.

Lexion offers artificial intelligence-powered agreement management software for small and medium-sized businesses. The company provides cloud-based contract management that leverages artificial intelligence to automate tasks and extract insights from contracts.

## Funding rounds

- Series B, Apr 6, 2023, $20M — Madrona Venture Group, Khosla Ventures, Wilson Sonsini Goodrich & Rosati, Citi Ventures, Point72 Asset Management
- Series A, Jun 4, 2021, $12M — Madrona Venture Group, Khosla Ventures, Wilson Sonsini Goodrich & Rosati
- Seed, Jul 11, 2019, $4.2M — Madrona Venture Group, Wilson Sonsini Goodrich & Rosati

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B
- Wilson Sonsini Goodrich & Rosati — Seed, Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B
- Point72 Asset Management — Series B