On Wednesday, contract lifecycle management (CLM) provider Lexion announced that it raised $20 million in a series B funding round led by Point72 ventures, and including Citi Ventures, both venture capital firms that are new investors to the company. Also participating were existing investors Wilson Sonsini Goodrich & Rosati, Madrona Venture Group and Khosla Ventures, who previously participated in Lexion’s July 2021 $11 million series A funding round.
With this latest investment, Lexion has raised over $35 million since its 2019 seed funding round.
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