Seattle, WA - Lexion, a leading software development company specializing in contract management, has raised $20,000,000 in Series B funding. Point72 Ventures, Citi Ventures, Khosla Ventures, Madrona Venture Group, and Wilson Sonsini participated in the funding round.

Lexion’s AI-powered repository and email-driven workflows help companies scale legal and accelerate contracting while ensuring actual adoption, minimal change management, and ease of use. The platform simplifies legal ticketing, contract generation, status tracking, KPI reporting, and contract analysis in a single platform.

"We are excited to have the support of such prestigious investors who share our vision for making contract management simple and powerful," said Gaurav Oberoi, co-founder of Lexion. "This funding will enable us to continue to innovate and improve our platform while expanding our reach to help more businesses save time and resources in contract management."

Lexion was founded at AI2, a prestigious artificial intelligence research institute, and has a top-notch team from Microsoft, Facebook, Google, and Amazon. CB Insights ranked Lexion as the #1 most promising AI legal tech startup in the world for two consecutive years (2020, 2021). Lexion serves fantastic brands such as Brooks Running, Outreach, RetailNext, OfferUp, Blue Nile, and many more.

For more information about Lexion, visit their website at https://lexion.ai/.