All of us at TermScout are excited to announce that we’ve closed a $1.25 million funding round – and previous $350,000 convertible note for a combined $1.6 million. The Series Seed includes investments from Hilltop Venture Partners, Techstars, and EonCapital. See the full press release here.
US businesses sign billions of contracts each year, spending an average of $6,900 to review even simple, low-risk contracts, according to an IACCM Research Report on The Cost of a Contract. Why spend $6,900 when TermScout offers contract review services using artificial intelligence plus real human attorneys for under $100 per contract?
Stay tuned over the next few months as we develop the contract review comparison platform, the contract database, and launch a website offering free and premium information about the top B2B SaaS contracts.
We’ll also be expanding our team – you can learn more about joining us here.