# Simplicontract Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simplicontract-technologies-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.simplicontract.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Jun 14, 2021)
- Investors on record: 4

## About

Simplicontract Technologies Private Limited, based in India, specializes in intelligent contract management solutions, leveraging artificial intelligence to enhance contract authoring, analytics, and management for enterprises, streamlining their operations significantly.Founded in 2020 in Bangalore, India, Simplicontract Technologies focuses on providing advanced contract management solutions. The company raised INR 280 million in pre-Series A funding in April 2023, led by Emergent Ventures with participation from multiple investors. The CEO is Makesh Kumar. No significant business pivots or changes have been noted, and no subsidiaries are mentioned.Simplicontract offers an Intelligent Contract Management Platform designed to transform how enterprises manage contracts. Its core functionalities include contract authoring, analytics, and management, enhanced by artificial intelligence. The platform caters to procurement, legal, and sales teams, enabling efficient contract creation, negotiation, management, and automating processes like obligation tracking and risk assessment. Simplicontract's solutions are tailored to various industries across North America, Europe, and Asia, enhancing contract visibility and overall business value.In the most recent financial year of 2022, Simplicontract reported revenue of INR 115,953,000, alongside an EBITDA loss of INR 487,150,700. The company primarily generates revenue through subscription models for its contract management tools, which are utilized by enterprises in legal, procurement, and sales sectors.Following its recent funding round on April 12, 2023, Simplicontract plans to utilize the INR 280 million raised to enhance its sales and marketing efforts and expand its product offerings. The company aims to penetrate new markets in the US and Europe, seeking to establish a stronger presence by a targeted timeframe, although specific dates for releases and expansions have not been disclosed.

## Funding rounds

- Seed, Jun 14, 2021, $1.8M — Kalaari Capital, Picus Capital, Arka Venture Labs, Sparrow Capital

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed
- Arka Venture Labs (https://capitalatlas.ai/funds/arka-venture-labs) — Seed
- Sparrow Capital — Seed