The Contract Network, an Atlanta, GA-based provider of an AI-powered contract collaboration platform, raised $8M in Seed funding.
The round was led by Tusk Venture Partners, with participation from Andrew Sieja (Founder of Relativity), The Legal Tech Fund, Mayo Clinic, Toba Capital, and GC&H Investments, an investment fund associated with Cooley LLP.
The company intends to use the funds to expand operations and its business reach.
Led by Jim Wagner, CEO, The Contract Network is a legal technology company that has built an AI-powered collaborative contracting platform, which provides all parties to an agreement with a neutral solution to accelerate their negotiations and to collaboratively manage their contract compliance. Stakeholders can collaborate on contracts in real-time and with full visibility into every change that is made with AI-powered translation from legal jargon to plain language. The Contract Network works in concert with existing Contract Lifecycle Management (CLM) platforms and also connects to the various software silos that currently exist in a typical contract negotiation.
