Brazilian CLM Provider netLex Raises $22.7 Million, Seeking Global Expansion
As Brazilian legal industry eyes more automation to ease its caseload, CLM provider netLex hopes to accelerate its growth inside and outside the country with its latest funding round.
July 18, 2024 at 02:41 PM
3 minute read
Brazilian contract life cycle management provider netLex announced on Wednesday that it closed a $22.7 million (R$126 million) funding round, making it one of Brazil's largest legal tech investments.
The round, which is intended to enhance product development and artificial intelligence integrations into the CLM process, and expand the company's reach beyond Brazil, was led by Riverwood Capital.
NetLex is focused on legal, procurement and sales at corporations. Its solution works to streamline the creation, negotiation and signing of contracts, according to a news release.
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