The Venture Codex

Participated · Series B · Oct 2024

Document Crunch is a provider of a construction document compliance platform that leverages proprietary AI and machine learning to simplify construction documents. Its software identifies critical risks and provides guidance so teams can make better decisions throughout the entire project lifecycle. Teams are currently using Document Crunch across thousands of projects nationwide. Led by CEO Josh Levy and based in Atlanta, GA, the company plans to use its recent funding to expand operations and accelerate product development. The company raised $21.5M in a Series B to support those growth and development efforts. Document Crunch is an Atlanta-based contract intelligence platform that uses proprietary AI and machine learning to simplify construction contracts. Its software quickly identifies critical risk provisions and provides guidance so project teams can make informed decisions across the project lifecycle. The company focuses on contract compliance and empowering teams responsible for contract execution during construction. Led by CEO Josh Levy, Document Crunch's risk review solution has gained significant traction over recent years. The company plans to use the new funding to grow its team and further develop contract compliance solutions for project teams. Document Crunch is an artificial intelligence platform built for the construction industry to review contracts, specifications, insurance policies and other project documents and surface a curated set of key provisions. Its algorithm, trained by construction-industry experts and created by a team with over 30 years of combined experience in construction law and risk management, provides sample language, insights and rationale. Users can upload documents on a case-by-case basis with no minimums, upfront costs or commitments and receive results within minutes. The company soft launched at the end of 2019 and, per the announcement, is now in a growth stage gaining traction with leading contractors as well as small- and medium-sized construction companies across the country. Co‑Founder and Curator Joshua Levy, Esq. is quoted explaining the product’s ability to surface critical risks and to unlock subject-matter expertise for companies without in‑house legal or risk teams. The platform is positioned to help companies reduce time and cost associated with complex document review using AI.