Lexion Raises $20M in Series B Funding
Summary
Lexion, a Seattle, WA-based provider of an AI-powered contract management and operations workflow platform, raised $20M in Series B funding. The company intends to use the funds to expand its offering to serve legal, sales, procurement, finance, HR, and IT teams across industry. Led by CEO Gaurav Oberoi, Lexion provides an operations workflow platform that helps every team do more, by streamlining and centralizing the contracting process in a system that works the way you do. Its artificial intelligence and automation capabilities have accelerated legal work and streamlined processes across multiple disciplines, including sales, procurement, finance, and technology. In 2022, Lexion experienced growth, tripling its revenue for the third year in a row and expanding its customer base to include hundreds of corporate clients from various industries, such as B2B technology, healthcare, consumer goods, manufacturing, and gaming.