Evisort: Raises $35M in Series B Funding

  • Evisort, a San Mateo, CA-based intelligent contract management platform, raised $35M in Series B funding, bringing its total funding to $55.5M
  • The round was led by General Atlantic with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures
  • In conjunction with the funding, General Atlantic’s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member
  • The company also intends to use the funds to grow its customer success team, expand its platform to include more workflow-specific offerings
  • Evisort leverages AI to help businesses categorize, search, and act on business-driving documents of any type
  • With the launch of Evisort Contract Workflow in July 2020, the platform can also now automate the entire lifecycle of a contract, from contract creation to negotiation to signature
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...