Ivo, a San Francisco, CA-based provider of an AI-powered contract review solution, raised $16M in Series A Funding.
The round, which brought the total amount to $22.2M, was led by Costanoa Ventures, with participation from Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, and Phase One Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by Jacob Duligall and Min-Kyu Jung, Ivo provides a platform that automatically checks agreements against company requirements, generates specific suggestions for resolving discrepancies, and creates compromise language between conflicting clauses. Its AI produces naturalistic redlines that mirror the work of experienced attorneys, maintaining consistent terminology and making minimal necessary changes.
Customers include companies like Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, Blue Cross Blue Shield Kansas City, and several Fortune 500’s.
The company was founded in New Zealand.
FinSMEs
05/02/2025