Contracting has quietly become one of the most strained processes inside modern companies. In-house legal teams face soaring workloads, tighter timelines, and rising expectations for accuracy. Every agreement must be reviewed thoroughly, yet the volume keeps growing while resources remain flat.
Crucial insights often remain buried in contracts, limiting a company’s ability to make quick, informed decisions. Manual review slows revenue cycles, creates bottlenecks between teams, and makes it nearly impossible to track obligations, risks, and precedents across large contract libraries.
Ivo was built to solve these exact challenges. Its platform shortens contract review times by up to 75%, turns contract data into accessible business intelligence, and helps teams standardise their legal positions across the organisation. The result is faster workflows, fewer errors, and greater visibility into every agreement a company signs.
Fueling the next phase of scale and innovation
Ivo has now raised a $55 million Series B round to expand its platform and scale across global markets. The investment was led by Blackbird, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures.
The round follows a breakout year. Revenue has grown sixfold, total customers have increased 134%, and adoption within the Fortune 500 is up by 250%. The company’s valuation has risen fivefold in the last nine months.
The new capital will strengthen product development and deepen engagement with both existing and new enterprise clients.
The team behind the vision
Ivo was founded in New Zealand and now operates out of San Francisco, building on a mission to modernise the world’s most outdated legal workflow. It was founded by a contract attorney and built by a team of lawyers, technologists, and operators with deep experience in contract work. The founders, Min-Kyu Jung and Jacob Duligall, bring deep experience in enterprise software, contracting, and legal operations, expertise that has shaped the platform’s precision-driven design.
Their shared goal has always been clarity and speed, better tools for legal teams, fewer bottlenecks for business teams, and a cleaner, smarter way for organisations to manage the agreements that run their operations.
Ivo is already used by IBM, Uber, Shopify, Canva, Pinterest, Quora, Atlassian, BILL.com, and Reddit, among hundreds of others.
Turning contracts into strategic assets
At its core, Ivo is transforming contracts from static paperwork into a source of strategic insight. Ivo Review standardises legal positions using lawyer-built playbooks, ensuring every agreement is reviewed consistently across distributed teams. This significantly reduces negotiation delays and moves companies to revenue faster.
Ivo Intelligence gives teams instant visibility into their entire contract library, no manual tagging, no spreadsheet hunts. Questions that once required months of review can now be answered in minutes. The system automatically connects related agreements, highlights key terms, and surfaces risks with precision.
Ivo’s long-term vision is to elevate contracts into dependable strategic assets, documents that support growth rather than slow it down. With its rapid expansion and strengthened product roadmap, the company is aiming to make effortless, insight-driven contracting the new standard for enterprises worldwide.
What’s next?
With fresh capital in place, Ivo will invest heavily in advancing its product capabilities while expanding deployment across both existing and new enterprise customers. As adoption grows, Ivo aims to deepen how contracts support business decisions, bringing greater clarity, speed, and intelligence to every stage of the contracting process and positioning agreements as true strategic assets rather than administrative hurdles.
“Our goal has always been to make interacting with contracts fast, accurate, and enjoyable,” said Min-Kyu Jung, CEO and Co-founder of Ivo. “Every key relationship in a business is defined by an agreement, yet most organisations struggle to extract the insights inside them. Our focus is to give in-house teams a trustworthy solution that helps them work faster and gives them visibility into their contracts that was previously impossible.”
“Uber selected Ivo because it was intuitive to use, demonstrated a high level of accuracy, could work in multiple languages, and met its confidentiality requirements,” Kate Gardner, Senior Manager, Contract Operations at Uber, said. “Furthermore, the Ivo team was highly responsive to Uber’s needs.”
Carla Michel, Director Senior Counsel at CDW, noted: “CDW values its partnership with Ivo whose commitment to advancing legal technology aligns with our strategic priorities. Ivo’s Contract Review Tool and Intelligence Tool streamline contract analysis and enhance decision-making through AI-driven insights. Our collaboration continues to support the integration of AI processes into our legal workflows.”
“In-house legal teams demand products that are deeply accurate and aligned to how they work. The most sophisticated teams are incredibly selective about the tools they trust,” said James Palmer, Principal at Blackbird. “Ivo’s traction with some of the world’s best companies shows it consistently exceeds that bar. With exceptional product execution and an uncompromising quality bar, we believe Ivo is defining and leading the category.”
