Manchester-based Summize, a contract lifecycle management company, has raised $50 million in funding to accelerate product development and global growth. The round was backed by existing investors Maven Capital Partners and YFM Equity Partners, alongside new investors Kennet Partners and Federated Hermes Private Equity.
According to a blog post by Summize, the funding follows more than five years of over 100 percent annual recurring revenue growth and rapid expansion of its customer base, headcount and office footprint as it scales internationally.
Summize’s CLM platform combines workflow automation with agentic AI to help in-house legal teams manage contracts directly within tools such as Microsoft Word, Outlook, Slack, Salesforce and HubSpot. The platform also uses AI to extract information from financial documents, compliance materials and other business-critical content.
“We founded Summize to make contracts easier to understand and the contracting process more efficient by complementing how modern teams work. This new $50 million investment underlines our differentiated user experience and ability to design innovative, trusted AI solutions for legal teams and the wider business,” Tom Dunlop, CEO of Summize, said in a statement.
