Fundz

Terzo Lands $16M To Extract Key Data From Contracts

PRIVATENov 17, 2022

Amount Raised

$16 Million

Round Type

Funding Round

Los AngelesSoftwareArtificial IntelligenceFintechinformation technology & services

Investors

Human CapitalEngage VenturesTyh VenturesAlign Ventures

Description

Contract governance is the steps taken to make sure agreed-upon terms between a company and its suppliers are met. It’s an essential part of doing business, and the consequences for getting it wrong can be steep. McKinsey estimates that poor contract governance can cost organizations up to 9% of their total revenue, which equates to $1.4 trillion for the Fortune 500 alone and $6.4 trillion across all enterprise business-to-business companies.

Quick answer

Terzo raised $16 Million in a Funding Round round, dated November 17, 2022. Investors: Human Capital, Engage Ventures, Tyh Ventures and Align Ventures. Terzo is based in Los Angeles, California, United States.

How much did Terzo raise?
Terzo raised $16 Million in a Funding Round round on November 17, 2022.
Who invested in Terzo?
Human Capital, Engage Ventures, Tyh Ventures and Align Ventures are named as investors in this round.
What does Terzo do?
Terzo is an intelligent CLM built from AI-powered technology that unlocks important financial insights hidden in your contracts.
Where is Terzo based and how big is it?
Terzo is based in Los Angeles, California, United States. Fundz records about 160 employees.

Source: Fundz verified event record.

Who else raised in Fintech and information technology & services around the same time

Companies in the same sectors as Terzo that raised within 45 days of this round, from Fundz verified event records.

  • Drivetrain AI raised $15M (Funding Round) on October 18, 2022.
  • OpenLoop raised $368K (Seed) on December 28, 2022.
  • Exyn Technologies raised $35M (Funding Round) on December 23, 2022.
  • EvolutionIQ raised $7M on December 22, 2022.
  • Katonic.ai raised $1.6M (Seed) on December 22, 2022.
  • Payabli raised $12M on December 22, 2022.

Who to call at Terzo, and when

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Company Information

Company

Terzo

Location

Los Angeles, California, United States

About

Terzo is an intelligent CLM built from AI-powered technology that unlocks important financial insights hidden in your contracts. Traditional CLMs are glorified storage repositories that were not designed for the buy-side use case. Terzo's CLM was designed on the foundation of contract intelligence, providing business teams the necessary data to improve productivity, optimize spend, and manage risk and governance across their entire supplier ecosystem. Terzo has global operations across the United States, Canada, and India. Learn more about us at www.terzocloud.com.

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