Insight leads $55m series-B round for ContractPodAI

Eagle Proprietary Investments, which has previously provided series-A funding for the company, also took part in the round.

The fresh capital will enable the company to invest in product development, marketing activity and recruitment.

Insight vice-president Paul Szurek and former SAP Ariba vice-president of marketing Josh Fredberg will take seats on the ContractPodAI board of directors as part of the deal.

Company
Founded in 2012, London-headquartered ContractPodAI develops AI-enabled contract lifecycle management software intended to increase efficiency in contract generation, contract repository and third-party review. The business operates from offices in London, New York, San Francisco, Glasgow and Mumbai.

People
Insight Partners – Jeff Lieberman (managing director); Paul Szurek (vice-president).
ContractPodAI – Sarvarth Misra (co-founder, CEO).

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