The 11-Page Series a Pitch Deck That Landed Malbek $15.3 Million – Business Insider

Malbek

Malbek, which helps companies' legal, sales, and finance teams manage and analyze their contracts, announced in September that it raised $15.3 million for its Series A.

Contract lifecycle management, or CLM, has been red-hot in the legal-tech space. Of the $1.4 billion invested in legal-tech during the first half of 2021, almost a quarter was snapped up by six contract companies, including Ironclad, Contractbook, and Icertis. SoftBank recently led the $115 million Series C for ContractPodAi, another CLM company.

"'Enterprise' and 'lifecycle' are the two key words with which we differentiate ourselves," Malbek's CEO and co-founder, Hemanth Puttaswamy, told Insider. "Our solution is deployed not just to legal teams, but also sales, procurement, finance, HR, marketing pretty much across the entire enterprise."

Founded in 2017, Malbek helps these departments through the entire contracting process, from drafting contracts with optimal terms through tracking contractual obligations after they're signed.

The Series A was led by Atlanta-based Noro-Moseley Partners, which invests in early-growth tech and healthcare companies . TDF Ventures and Osage Venture Partners also participated in the round.

A few slides containing confidential information about Malbek's artificial intelligence technology were removed.

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The 11-Page Series a Pitch Deck That Landed Malbek $15.3 Million - Business Insider