8 years ago

ClauseMatch Secures $1.6 Million Seed Funding to Boost Real-Time Collaboration for Finance and Legal Teams

  • ClauseMatch, a real-time collaboration tool for financial and legal teams, has raised $1.6 million in seed funding led by Speedinvest

  • The company was founded by Evgeny Likhoded, a former employee of Morgan Stanley and Gazprom, who saw the need for a better way to manage contracts and agreements in the financial industry

  • ClauseMatch simplifies the process of indexing all updates and provides a comprehensive audit trail for all documents, giving teams greater visibility into how documents evolve over time, and more control over sensitive materials

  • The company plans to use the funding to expand its team and kick off sales and marketing efforts.

      • ProblemTechnology

      "In large organizations like financial institutions, the process of creating and editing legal documents is inefficient and outdated, relying heavily on Microsoft Word and email for collaboration. This leads to multiple versions of the same document, difficulty tracking changes, and a lack of visibility into how documents evolve over time."

      Solution

      "ClauseMatch provides a real-time collaboration platform for financial and legal teams, enabling them to create and edit documents, track changes, and mark approvals. It simplifies the indexing of updates, provides a comprehensive audit trail for all documents, and gives teams greater visibility into document evolution and control over sensitive materials. "

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