TermScout

Citizn Company specializes in AI-powered contract solutions. Founded in 2018, it has pivoted to focus on enhancing deal velocity in B2B environments., Murray Simser, Otto Hanson, and Peter Fatianow.TermScout specializes in AI-powered contract analysis and certification solutions designed to enhance deal velocity and ensure transparency in B2B transactions. Their core offering, Certify™, provides independent contract certification that assesses agreements against extensive benchmarks derived from thousands of real-world contracts. This service aims to instill trust between buyers and sellers by verifying that contracts meet fair and balanced criteria while being free from dealbreakers. Clients include businesses and law firms across various industries, who utilize TermScout’s services to streamline contract negotiations, minimize risks, and foster better decision-making.TermScout generates revenue through a subscription model, providing access to its suite of AI-driven contract solutions. Clients typically engage with the company on a contractual basis, subscribing to services that include AI analysis and certification of contracts. The transaction structure often involves annual or monthly subscription fees, allowing organizations to leverage the Certify™ service for a set period. This model accommodates various client sizes, from startups to large corporations, ensuring scalability. The company is planning to expand its offerings into new markets, particularly targeting additional regions in North America and Europe, to further enhance its user base and client engagement.

1. Seed

   Jul 29, 2020

   Amount

   $1.3M

   Investors

   Locked