What is Evisort?
Headquartered in San Mateo, California, Evisort is a pioneering enterprise software company specializing in artificial intelligence-powered contract management. The firm develops sophisticated AI algorithms that enable legal, procurement, and sales professionals to automate the extraction, analysis, and management of critical business documents. By transforming static contracts into actionable data, Evisort addresses the inefficiencies inherent in traditional manual document processing. Its platform is engineered to enhance operational transparency, mitigate compliance risks, and optimize contract performance across large-scale enterprise environments, positioning the company as a vital infrastructure provider for modern digital businesses.
How much funding has Evisort raised?
Evisort has raised a total of $154.5M across 4 funding rounds:
Angel/Seed
$4.5M
Series A
$15M
Series B
$35M
Series C
$100M
Angel/Seed (2019): $4.5M, investors not publicly disclosed
Series A (2019): $15M led by Vertex Ventures and M12
Series B (2021): $35M supported by General Atlantic Service Company, L.P., Vertex Ventures, Amity Ventures, and M12
Series C (2022): $100M featuring M12, Technology Crossover Ventures, General Atlantic, Breyer Capital, Amity Ventures, and Vertex Ventures
Key Investors in Evisort
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software, leveraging their experience as former founders and operators.
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, and technology.
What's next for Evisort?
With the successful completion of its latest funding round, Evisort is well-positioned to enter a new phase of aggressive market expansion and technological refinement. The company is expected to prioritize the enhancement of its AI capabilities, focusing on deeper integration with existing enterprise resource planning systems and advanced predictive analytics for contract risk management. Furthermore, the strategic support provided by its diverse investor base will likely facilitate international growth initiatives and the acquisition of key talent to maintain its competitive edge. As Evisort continues to scale, the focus will shift toward cementing its status as the industry standard for intelligent contract lifecycle management, potentially exploring further vertical integrations within the broader legal-tech and fintech sectors.
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