LinkSquares Secures $100M Investment, Looks to Broaden Offering Beyond CLM
The Series C round brings LinkSquares' total funding to north of $160 million and, per the company, gives it an $800 million valuation. The company is now one of multiple CLM providers to secure a nine-figure investment since 2021.
April 04, 2022 at 02:36 PM
3 minute read
Legal Technology
Another year, another (much larger) funding round. Today, contract lifecycle management (CLM) provider LinkSquares announced it raised $100 million in a Series C funding round led by venture capital firm G Squared, with participation from new investor G2 Venture Partners and existing investors.
The investment marks LinkSquares' fourth funding round in four years and more than double what it received last year. In July 2021, the company closed on a $40 million Series B round, bringing in a host of new investors including Xerox and the founders and legal and compliance executives of sports betting operator DraftKings. The investment came just months after former DraftKings GC Tim Parilla joined LinkSquares as its chief legal officer.
In early 2020, LinkSquares also received a $14.5 million investment, while a year prior it secured $4.8 million. The new nine-figure Series C investment brings its total funding to north of $160 million and, per the company, gives it an $800 million valuation.
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