Summize secures £1m seed follow-on investment led by Maven to accelerate growth
The funding round was led by NPIF, Maven Equity Finance with support from the Future Fund and Charles Sharland.
Summize provides an artificial intelligence powered contract lifecycle management platform that integrates directly with everyday workplace software. The business helps corporate legal teams automate workflows and streamline document management.
Manchester based contract software developer Summize has secured £1m in a seed follow-on funding round led by NPIF, Maven Equity Finance. The round includes participation from the UK Government Future Fund and tech investor Charles Sharland, building on an initial investment made by Maven in March 2019.
Established in 2018, the company provides lightweight contract lifecycle management tools that allow users to upload multiple documents and instantly extract key clauses. The fresh capital will be directed towards expanding the company client base both domestically and internationally, enhancing product features, and refining sales and marketing strategies.
From the founder
"Since bringing our product to market, we’ve seen an incredible demand for our services that has only accelerated, despite the current economic climate."
Tom Dunlop
CEO and co-founder at Summize
Investor perspective
"Since its inception in 2018, Summize has gone from strength to strength and the phenomenal growth it’s seen since launching its product meant that deciding to back them again was easy."
Jeremy Thompson
Investment Director, Maven
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Invest in sales and marketing
