TermScout Raises $5M Co-Led By NFX to Scale Platform That Turns Contracts into Data

TermScout, an AI-based contract data and review company, announced today that it secured an over-subscribed $5M in seed funding co-led by NFX and Ground Up Ventures, with participation from The Legal Tech Fund, Killer Whale Strategies, Underdog Labs, Bridge Investments, and others. The company plans to use the funding to grow its team, expand its contract database, and support the launch of Benchmark, a new comparison product allowing customers to compare more than 1,000 commonly s…

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