ThoughtRiver raises £7.5m in Series A funding led by Octopus Ventures to fuel global expansion
The Cambridge-founded legal tech company has secured £7.5m from Octopus Ventures and existing backers to scale its US presence and sales operations.
ThoughtRiver provides automated contract review and pre-screening software designed to accelerate deal velocity for legal teams. The Cambridge-founded company operates globally, helping major enterprises streamline their contracting processes.
Legal technology business ThoughtRiver has secured £7.5m in Series A funding to support its international expansion and technology rollout. The investment was led by Octopus Ventures, with participation from a group of existing backers including Crane, LocalGlobe, Entrée Capital, SyndicateRoom, and angel investor Duncan Painter.
The fresh capital will be directed towards growing US market share, scaling sales and marketing operations, and integrating further with major technology partners. The raise follows a period of strong customer growth for the firm, which has recently signed major corporate clients and established a strategic partnership with PwC.
From the founder
"To receive this investment in the current climate is testament to the relevance of ThoughtRiver’s technology, when across the globe, businesses are looking to do more with less."
Tim Pullan
CEO at ThoughtRiver
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
- 03Build out infrastructure
Investors
Categories
About the company
ThoughtRiver
ThoughtRiver delivers automated contract pre-screening software for legal teams.