COMPANY INFO
Ivo is a software development company founded in 2022 by Jacob Duligall and Min-Kyu Jung. Headquartered in San Francisco, it specializes in AI-powered contract review solutions that help legal and business teams accelerate contract negotiations by increasing efficiency, accuracy, and consistency. The company has between 11-50 employees and its website is https://www.ivo.ai. Ivo was originally founded in New Zealand and now operates globally in the legal tech industry, aiming to reduce the time, effort, and cost of negotiating contracts through AI technology.
Ivo AI, Inc. is a software development company specializing in AI-powered contract review solutions. Founded in 2022 by Jacob Duligall and Min-Kyu Jung, Ivo AI operates in the business/productivity software industry and is headquartered in San Francisco, California. With a team of 25 employees, Ivo AI's platform helps legal and business teams accelerate contract negotiations by enhancing efficiency, accuracy, and consistency. Originally founded in New Zealand, the company now serves a global clientele in the legal tech industry, aiming to reduce the time, cost, and complexity of contract review using advanced AI technology.
Ivo AI, Inc. has demonstrated a focused approach to securing strategic investment, raising a total of $22.2 million across multiple funding rounds. The company's fundraising strategy has included three main rounds—Pre-Seed, Seed, and Series A—with major participation from venture capital firms specializing in technology and SaaS solutions. Each funding round has supported key milestones, including platform development, rebranding, and expansion of their AI contract review offering. Ivo AI’s consistent ability to attract noteworthy investors underscores the confidence in its growth trajectory and the legal technology market.
This Series A round was raised to scale Ivo AI's AI-powered contract review solution and expand its customer base. The funds are being used to accelerate product development, enhance the AI platform, and fuel international expansion.
The Seed round aimed to further develop the AI contract review platform and supported the company’s rebranding from Latch to Ivo. Funding was allocated to product refinement, hiring key team members, and expanding partnerships.
Ivo AI used its Pre-Seed funding to develop the core AI contract review platform. The focus was on building foundational technology and demonstrating early product-market fit in the legal tech space.
Costanoa Ventures led Ivo AI's Series A round. As a venture capital firm focused on early-stage enterprise technology companies, Costanoa brings expertise, resources, and a network to support Ivo AI's growth in the SaaS and AI legal tech domains.
Fika Ventures, a lead investor in the Seed round, is an early-stage venture capital firm with a track record in supporting innovative SaaS and AI startups. Their investment underscores confidence in Ivo AI’s market potential and technological edge.
Uncork Capital co-led the Seed round and is known for backing high-growth SaaS and productivity software ventures. Their support provides guidance and validation for Ivo AI’s strategy and go-to-market efforts.
Blackbird Ventures participated as a key investor, lending their expertise in scaling technology companies across global markets, particularly within the AI and software sectors.
NFDG contributed to Ivo AI’s funding rounds, offering strategic insight and investment to support the company’s expansion within the legal tech ecosystem.
As an angel investor, Daniel Gross has invested in numerous startups specializing in AI and productivity tools, providing advisory support and networking opportunities alongside his capital.
GD1 (Global from Day One) supported Ivo AI’s early growth with funding and strategic mentorship, leveraging their focus on impactful SaaS innovation.
Phase One Ventures’ investment contributed to the early development of Ivo AI’s technology, facilitating the company’s growth from inception to market traction.
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