In contrast to expensive legacy contract management systems that require complex setup and training, Lexion focuses on rapid onboarding, affordable subscription pricing, and an easy-to-use interface that users can pick up intuitively. Out-of-the-box, Lexion can identify and extract dozens of key terms in contracts, such as termination notices, renewal dates, and payment terms. For a small additional fee, companies can request custom models to automatically extract information particular to their business or industry.

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Funding Events

Date	Amount	Type	Investors	Valuation
07/19/19	$4,200,000	Seed	Madrona Venture Group Wilson, Sonsini, Goodrich and Rosati	undisclosed
06/22/21	$11,000,000	Series A	Khosla Ventures Madrona Venture Group Wilson, Sonsini, Goodrich and Rosati	undisclosed