# Malbec Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/malbec-solutions

- Industry: Software
- Headquarters: Somerset, US
- Website: www.malbek.io
- Total disclosed funding: $18M
- Latest round: Series A (Sep 28, 2021)
- Investors on record: 3

## About

Malbec Solutions, Inc., based in the US, specializes in innovative contract lifecycle management (CLM) solutions that enhance efficiency and streamline operations for enterprises across various sectors.Malbec Solutions, Inc. is a provider of contract lifecycle management solutions, headquartered in Somerset, US. Founded in 2017 by Brian Madocks, Hemanth Puttaswamy, Madhu P., and Matt Patel, the company has successfully completed 5 deals to date. The most recent funding round occurred in September 2021, where the company raised USD 15.3 mn in Series A funding led by Noro-Moseley Partners, with participation from TDF Ventures and returning investor Osage Venture Partners. Hemanth Puttaswamy serves as the CEO.Malbek provides a comprehensive suite of contract lifecycle management (CLM) solutions designed to enhance efficiency and streamline operations for enterprises. Their core offerings include Malbek CLM, which utilizes artificial intelligence to accelerate contracting processes; Malbek AI, which delivers contextual insights and recommendations based on contract data; Malbek Klix, a modern clickwrap solution that simplifies online agreements; and Malbek Marketplace, enabling seamless integrations with other business applications through a no-code, drag-and-drop interface. These products are targeted at a diverse client base that includes industries such as life sciences, manufacturing, consumer packaged goods, and retail. The company’s solutions aim to support various departments like sales, legal, procurement, and finance, enhancing decision-making and boosting productivity across organizations. Malbek serves customers globally, with notable presence in North America and Europe.Malbek’s revenue generation model primarily revolves around subscription-based services, where clients subscribe to their CLM software solutions. Transactions typically involve annual or multi-year contracts, allowing organizations to access their suite of products, including features like contract creation, management, and integration capabilities. Clients benefit from continuous support and updates as part of their subscription agreements. Specific pricing plans for individual products or services are tailored to meet the varying needs of their enterprise customers, ensuring flexibility and scalability. The strategic focus on delivering a user-friendly, AI-driven platform positions Malbek as a competitive player in the contract management industry, fostering strong client relationships and high renewal rates.Malbec Solutions, Inc. plans to utilize the USD 15.3 mn raised in its Series A funding round to expand its proprietary AI core contract lifecycle management platform. The company is designing new products aimed at enhancing its offerings, with a focus on launching these innovations in the coming months. Additionally, Malbek is targeting expansion into new markets in Europe and Asia by the end of 2022, further solidifying its global presence.

## Funding rounds

- Series A, Sep 28, 2021, $15M — Noro-Moseley Partners, TDF Ventures, Osage Venture Partners
- Seed, May 11, 2020, $3M — Osage Venture Partners

## Investors

- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Seed, Series A
- Noro-Moseley Partners (https://capitalatlas.ai/funds/noro-moseley-partners) — Series A
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Series A