An increasing number of contracts must be reviewed accurately, but resources are stretched thin. In addition, critical business insights are locked in contracts, with no easy way to extract them. To meet this challenge, Ivo, which removes tedious contract review and transforms contracts into reliable business intelligence for enterprises, is announcing a $55M Series B funding round led by existing investor Blackbird, with participation from existing and new investors Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures.
“Our goal has always been to make interacting with contracts fast, accurate, and enjoyable,” said Min-Kyu Jung, CEO and Co-founder of Ivo. “Every key relationship in a business is defined by an agreement, yet most organisations struggle to extract the insights inside them. Our focus is to give in-house teams a trustworthy solution that helps them work faster and gives them visibility into their contracts that was previously impossible.”
The new capital will support product development and scaling as the company deepens its reach across the hundreds of organisations that already rely on Ivo, including Uber, Shopify, Atlassian, Reddit, and Canva.
“Uber selected Ivo because it was intuitive to use, demonstrated a high level of accuracy, could work in multiple languages, and met its confidentiality requirements,” Kate Gardner, Senior Manager, Contract Operations at Uber, said. “Furthermore, the Ivo team was highly responsive to Uber’s needs.”
“In-house legal teams demand products that are deeply accurate and aligned to how they work. The most sophisticated teams are incredibly selective about the tools they trust,” said James Palmer, Principal at Blackbird. “Ivo’s traction with some of the world’s best companies shows it consistently exceeds that bar. With exceptional product execution and an uncompromising quality bar, we believe Ivo is defining and leading the category.”
Ivo’s long-term vision is to elevate contracts into strategic assets for every business and to make the experience of working with them effortless. As the platform expands, the company aims to bring clarity, speed, and intelligence to contracting, enabling teams across the enterprise to operate with greater confidence and insight.
