Around The Network: Document Crunch Secures $4.6m in Seed Funding from Zacua Ventures, Fifth Wall and Others to Transform How The Construction Technology Industry Understands and Manages Contract Risks
Summary
Document Crunch, an Atlanta based AI-powered contract review software purpose-built for the construction technology industry, has raised $4.6m in Seed funding. As Document Crunch Co-Founder and CEO Josh Levy says, Our industrys profits suffer because of a lack of wherewithal around how to understand and manage contract risk. We were impressed by Document Crunchs early traction, a sign that theyre addressing a true pain point, and believe their solution is highly complementary to many other software offerings in this space.Cutler Knupp, the Director of Strategy and Technology Investment at Haskells venture investment arm Dysruptek, also weighed in: Document Crunch is showing substantial improvements in speed and accuracy for contract review. Josh has shown great ability to focus on addressing core market challenges, while moving quickly and building a quality team to execute. They have scaled over the last year despite impacts of the pandemic, growing the team from 0 to 10, launching a new version of their product, and seeing revenues increase approximately 500%.