Brazilian contract lifecycle management platform NetLex raised $24M from Riverwood Capital, marking the largest investment in a CLM company in Latin America.
With the funds, NetLex will expand its operations across Latin America and integrate AI into its platform.
NetLex optimizes contract management by streamlining the process, from creation and negotiation to signature and automatic data capture. The platform allows different s departments to manage contracts independently while providing the legal team full visibility and monitoring.
“In large companies, contracts pass through various departments with different, non-communicating systems. The processes are manual and lack intelligence extraction. NetLex solves these issues by managing contracts from start to finish, significantly increasing productivity,” said Flávio Ribeiro, NetLex’s CEO.
Founded in 2014, NetLex has users in over 60 countries and counts major clients like Samsung, Ambev, and iFood making up 70% of its clients.
Read more on: Startupi
