Clause offers cloud-based smart contracting technology that enables users to add smart clauses to documents to automate business processes, workflows, and digital transactions. Its platform integrates documents with enterprise systems, web services, and blockchains so contracts can trigger actions and become part of IT infrastructure. The company plans to use the new funding to accelerate business development, expand engineering teams, and nurture the broader smart contract ecosystem. Clause positions smart clauses as a way to reduce complexity in transaction workflows and improve contract management across enterprises. The announcement highlights leadership from founder and CEO Peter Hunn and signals closer partnership momentum with major agreement-platform players. Clause builds a proprietary, patent-pending infrastructure to integrate legally enforceable contracts with real-time data from the Internet of Things, web services, and business and accounting systems. The platform updates contract terms such as prices, warranties and delivery requirements automatically from live data. The company was co-founded by Peter Hunn (CEO) and Houman Shadab (COO) and is based in New York City. Clause raised a seed round of undisclosed amount and will use the funds to continue developing its underlying infrastructure and to hire additional developers. As part of the investment, Clause will receive training and mentorship through a joint global callout run by its investors to identify top legal tech startups. No operating metrics were disclosed in the article.

Total raised

$6M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2019