# Showcon

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

- Industry: Business Support Services
- Headquarters: Shanghai, China
- Website: www.showcon.cn
- Total disclosed funding: $12M
- Latest round: Series A (Oct 26, 2021)
- Investors on record: 3

## About

Showcon, established in 2020, is a Shanghai-based company specializing in Contract Lifecycle Management (CLM) software solutions to enhance contract management efficiency across various sectors.Showcon provides innovative software solutions focused on optimizing contract management processes. Founded in Shanghai, China, by Kaihui Lin, the firm has successfully raised RMB 60 million in its Series A funding round, which was led by Sequoia Capital. The company has completed 2 deals, with its most recent funding occurring on October 26, 2021, marking a significant step in its growth trajectory.Showcon specializes in offering a comprehensive Contract Lifecycle Management (CLM) software solution that streamlines and enhances contract management processes. Their services include contract template management, drafting, finalization, signing, performance tracking, modifications, and data analysis, catering to various business functions such as legal, finance, procurement, and sales. The firm's products target large enterprises across diverse industries, including retail, manufacturing, finance, and real estate, facilitating digital transformation with advanced contract management technologies.Showcon operates a subscription-based revenue model, allowing clients to access their CLM software on a recurring basis through B2B transactions. Clients typically engage in annual or multi-year agreements to utilize the platform's features and receive ongoing support, ensuring tailored solutions to meet their organizational needs. Specific pricing details are not disclosed, but the firm has established a solid financial foundation through recent funding rounds that support its product development initiatives.Showcon plans to utilize the RMB 60 million raised in its Series A funding round towards product research and development, building its sales team, and promoting its products. The company aims to launch new features in its CLM software and expand into additional markets beyond China, with specific targets set for regional growth by 2023. These strategic initiatives are designed to enhance the firm's market presence and support its overall business growth.

## Funding rounds

- Series A, Oct 26, 2021, $9.4M — Hong Shan, ZhenFund, Peeli Ventures
- Angel, Mar 23, 2021, $3.1M — Peeli Ventures

## Investors

- Peeli Ventures (https://capitalatlas.ai/funds/peeli-ventures) — Angel, Series A
- Hong Shan — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A