Contract management provider Lexion announced Thursday it has closed on an $11 million Series A funding round led by Khosla Ventures. Law firm Wilson Sonsini Goodrich & Rosati and the Madrona Venture Group, who previously invested $4.2 million in seed financing for the startup in 2019, also participated in the new funding round.

Gaurav Oberoi, CEO and co-founder of Lexion, told Legaltech News the new funding will be leveraged to accelerate the company’s growth “by investing more in marketing and sales” and expanding its contract management platform with the addition of workflow modules.

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