As a part of the deal, FTV Capital will make an additional investment in the company, and JMI Equity, a growth equity firm focused on investing in software companies, will join on as a new investor.
Continue Reading KKR Fund Acquires Majority Stake in CLM Provider Agiloft
Contract Lifecycle Management
KKR acquires majority stake in CLM vendor Agiloft
Respected global investment firm KKR today (30 May) announced that it has acquired a majority stake in contract lifecycle management vendor Agiloft. Existing investor FTV Capital and new investor JMI […]
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Breaking: Investment Firm KKR Acquires Majority Ownership of CLM Company Agiloft

I am running out the door, but this news just broke. Here is the unedited announcement:
KKR, a leading global investment firm, today announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft (“the Company”), a trusted global leader in data-first contract lifecycle management (“CLM”). As part of the transaction FTV…
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CLM Provider Ironclad Enters E-Signature Market With Contextual Signature Solution
Jason Boehmig, CEO and co-founder of Ironclad, told Legaltech News that he sought to take a new approach to a decade-old offering that has barely evolved over the years—including with its design and pricing structure.
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CLOC Legal Tech Rundown: Ironclad Custom AI, New Lexis Tool and More
An update on product launches and new partnerships that came out of the CLOC Global Institute 2024 conference in Las Vegas, including ContractPodAi, Evisort, Icertis, Ironclad and LexisNexis.
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Agiloft Releases Prompt Lab With 'Bring Your Own Gen AI Model' Approach
Alongside its Prompt Lab release, contract life cycle management provider Agiloft also unveiled enhanced capabilities in its ConvoAI product and Google Docs app.
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Agiloft launches Gen AI Prompt Lab including ‘bring your own LLM’ capability
Contract lifecycle management vendor Agiloft today (2 May) announced the launch of its Generative AI Prompt Lab, which includes pre-configured prompt templates that can leverage customer’s own data – and […]
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Legal Tech Investment News this Week: Luminance for Contracts, Scrut for GRC, TRĒ for CRM, VXT for VoIP

It is only Wednesday, but already this week has brought news of four notable investment deals in legal tech.
Luminance
Luminance, a UK-based company that uses artificial intelligence to automate the generation, negotiation and analysis of contracts, and whose product is also used for e-discovery, has raised $40 million in a Series B funding round.
The investment was led…
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Luminance Raises $40 Million in Series B Funding, Plans U.S. Expansion
Law firm Slaughter and May, a longtime Luminance investor, also participated in the round.
Continue Reading Luminance Raises $40 Million in Series B Funding, Plans U.S. Expansion
Breaking news: Luminance raises $40m Series B
Luminance has raised $40m Series B funding led by Santa Monica-based growth-stage venture firm, March Capital, with participation from National Grid Partners and other existing investors, including magic circle law […]
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This New Catalog for Corporate Legal Teams (Or Any Legal Professional) Brings the Comical to Contracts

A remote-controlled race car that redlines documents? A slingshot for launching litigation? A “Yes, But …” button for testing out your legal theories?
These are just some of the products available through the new online store LawLawLand, launched by the contract management company SpotDraft.
While oriented towards inhouse legal teams, the products could be the perfect gag gifts…
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Legal Software is 2023 Growth Leader – Okta Businesses at Work Report
From : Blog Entry >> Maureen’s Blog EntryHi ILTAns! This post has new data about legal applications and enterprise software used in #legaltech, including 1Password, KnowBe4, Ironclad, Vanta, Drata, and Microsoft. There is nothing commercial in this content. Pure data and #dataviz . Enjoy! Okta has application usage data which you simply will not find anywhere else. This year’s…
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Legaltech Career Insights: Jack Wicks, senior product manager for Agiloft’s AI innovation team
Jack Wicks is senior product manager at Agiloft with a maths degree from the University of Warwick. As part of Legal IT Insider’s Career Insights series, which features the most […]
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Despite All the Hype Over CLM Software, Most Companies Don’t Use It to Manage their Contracts, Survey Finds

One of the most talked-about legal technologies of the last few years is contract lifecycle management software. But a survey released today finds that the majority of companies do not use CLM software at all, and of those that do have a dedicated CLM system, most use it only on a limited basis.
Instead of CLM systems, most companies are…
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Innovations in Contract Technology Winner, Provider: Luminance
“Now more than ever, incoming generations of workers will expect technology to already be integrated in their workplace, so we must ensure the entire industry is on the front foot,” said Eleanor Lightbody, CEO of Luminance.
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LG Chem becomes first Korean company to adopt Luminance Corporate
Luminance announced today (20 February) that LG Chem has become the first Korean company to adopt its contract negotiation and management product, Luminance Corporate. LG Chem is one of the […]
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