Legal Tech Startup: Indico Data

Spotlight on: Indico Data

Description
Developer of a process automation platform intended to accelerate document-based workflows. The company's platform leverage deep learning and artificial intelligence to offer contract analysis, regulatory compliance, audit and reporting, customer support automation, claim analysis, and contract process automation, enabling businesses to improve the efficiency of labor-intensive workflows and automatically extract meaningful insight from unstructured data at scale.

Most Recent Financing Status (As of June 2022)
General Catalyst sold a stake in the company to an undisclosed buyer. Previously, the company raised $22 million of Series B venture funding in a deal led by Jump Capital and Sandbox Industries on December 14, 2020, putting the company's pre-money valuation at $30 million. 6 other investors also participated in the round. The funds will be used to double its headcount in 2021, with hires in sales, partnerships, and marketing, while expanding its channel relationships and integration partnerships to broaden its market footprint.

Founder and Chairman: Thomas Wilde, [email protected], +1 (781) 540-8582

HQ Location: Venture Lane 55 Court Street 2nd Floor Boston, MA 02108

Employees: 103 (as of March 2024)

Total Raised: $33.55M (as of June 2022)

Growth Rate: -4.74% Weekly Growth (1st percentile)

Size Multiple: 4.87X Median (83rd percentile)

Institutional Investor:

• Jump Capital
• Nationwide Ventures
• Sandbox Industries
• Osage Venture Partners
• Simeon Simeonov
• .406 Ventures
• Ben Kroop
• Boston Seed Capital
• Hyperplane Venture Captial
• Kurt Walters
• Michael Mark
• Paul Sagan
• Right Side Capital Management
• Rough Draft Ventures
• Semyon Dukach
• Two Signma Ventures
• Vivjan Myrto
• Walter Danco
• Walter Winshall
• Techstars

To learn more about Indico Data, visit their website or follow them on Linkedin

Source: Pitchbook, February 2024