What is Concord?
Founded in 2014 and headquartered in San Francisco, California, Concord Worldwide, commonly known as Concord, operates as a comprehensive cloud-based Contract Lifecycle Management (CLM) platform. The software is designed to streamline the entire contract process, offering robust features for contract management, facilitating online negotiation, and enabling secure electronic signatures. Concord aims to simplify complex legal workflows for businesses, enhancing efficiency and compliance through its integrated digital solution.
How much funding has Concord raised?
Concord has raised a total of $40.1M across 6 funding rounds:
Unspecified
$1.4M
Private Equity
$2.7M
Private Equity
$6.3M
Series A
$3.7M
Series B
$25M
Debt
$1M
Unspecified (2014): $1.4M, investors not publicly disclosed
Private Equity (2015): $2.7M led by Cota Capital and Alven
Private Equity (2016): $6.3M, investors not publicly disclosed
Series A (2017): $3.7M featuring Cota Capital, Streamlined Ventures, and Alven
Series B (2018): $25M backed by Alven, CRV, and Tenaya Capital
Debt (2020): $1M with participation from PPP
Key Investors in Concord
Alven
Alven is an independent early-stage venture capital firm with 25 years of experience, focusing on partnering with builders in Europe and providing straightforward honesty as a support mechanism for entrepreneurs.
CRV
CRV is a venture capital firm that invests in early-stage tech startups, having backed over 500 companies since 1970, and acts as a committed, long-term partner to founders from inception through IPO.
Tenaya Capital
Tenaya Capital provides early-growth stage capital to entrepreneurs building extraordinary technology companies, aiming to partner with founders creating enduring businesses.
What's next for Concord?
The recent major strategic investment in Concord signals a pivotal stage for the company, likely indicating a focus on scaling operations, expanding market reach, and potentially enhancing its technological capabilities. As an established player in the CLM space, this capital infusion is expected to bolster its competitive edge against rivals and support its mission to digitize and simplify contract management for enterprises globally. Future developments may include further integration of AI for contract analysis, enhanced collaboration features, and broader adoption across various industries.
See full Concord company page
