Growth Capital | VCTs
NPIF Maven Equity Finance
Summize is an intelligent SaaS contract management solution that helps clients digitalise and modernise their contract lifecycles, making it easier and faster to review, create, and manage contracts.
Summize's AI-powered technology products intelligent contract summaries, making workflows smarter and improves collaboration between legal and business users, helping accelerate the contract process. Summize helps legal teams gain visibility and control, while business colleagues are empowered to self-serve. It is estimated that users of the platform save 85% in time spent reviewing contracts.
The platform seamlessly integrates with existing solutions and its software is used by recognisable brands including NCC Group, Vodafone, NBrown, Fujifilm, and many more. Founded in 2018, Summize has experienced rapid growth by taking a disruptive approach to a traditional sector and through funding with YFM Equity Partners looks to build its presence in the US and further develop its Contract Lifecycle Management (CLM) technology.
YFM and Maven bring a strong combination of support experience as we push towards the next level of growth. Their passion to be involved in our plans resonated - they were excited by the business, the market opportunity and our product. We were also confident that with a strong tech portfolio, there is a proven track record in the sector as well as extensive experience of supporting the growth of later stage businesses.
This funding will enable us to build out our sales and marketing capabilities and accelerate expansion with a presence in the US which is a huge potential market for us. We will also continue scaling what we have already built with further product development and innovation – we have a clearly defined target market and products with the functionality to meet a very real business need.
Tom Dunlop, Co-founder and CEO at Summize
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