ContractSafe Raises $27.5M in Growth Funding

ContractSafe, a Los Angeles, CA-based provider of a cloud-based contract management platform, raised $27.5M in Growth funding.

The round, which marks the company’s first institutional capital raise since it was founded seven years ago, was led by Five Elms Capital

The company intends to use the funds to scale its team and release additional products and features designed to streamline contract management for businesses.

Led by Randy Bishop, President, ContractSafe provides a cloud-based contract management software that helps users keep track of all their important documents at an affordable price. The platform offers a suite of contract management features built for businesses with a high volume of 3rd party contracts who need to be able to store, search, control permissions and create workflows around legal documents.