Legal tech startup Ivo rides AI investment wave to raise US$4.8m

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Source: Ivo

The Kiwi-founded startup has rebranded from Latch after raising a round led by Californian seed stage funders Uncork Capital and Fika Ventures.

Fika Ventures and Uncork Capital joined as lead investors in this round of funding, as well as several new investors who have joined our cap table. Existing investors include Daniel Gross, GD1, and Phase One Ventures.

Founded in New Zealand and now headquartered in San Francisco, Ivo powers AI Contract Review platform, designed to help legal and business teams accelerate time-to-close and unblock contracts from key business processes.

“When large language models entered the public eye through ChatGPT, many lawyers were rightfully skeptical. Our small team has worked tirelessly to stay close to our users and earn their trust over and over again,” said Min-Kyu Jung, CEO & Co-Founder at Ivo.

Read full article: https://www.ivo.ai/blog/our-latest-company-milestone

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