Ivo Raises $55 Million in Series B Funding Round
AI-based contract review platform Ivo has announced a successful $55 million Series B funding round on January 20, 2026. The round was led by existing investor Blackbird and saw participation from both returning and new investors, including Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures.
This new investment marks a significant milestone for the company, which was founded in New Zealand but has since moved its headquarters to San Francisco. Ivo has seen exponential growth since its last funding round in February 2025, reporting a 500% increase in annual recurring revenue. Additionally, the company has grown its customer base by 134% and expanded its presence among Fortune 500 companies by 250%.
A Vision to Revolutionize Contract Management
Min-Kyu Jung, CEO and co-founder of Ivo, shared the company’s mission: “Our goal has always been to make interacting with contracts fast, accurate, and enjoyable.” Jung emphasized that every important business relationship is governed by contracts, yet many organizations struggle to fully leverage the insights they contain. Ivo aims to change that by offering in-house legal teams a reliable solution that enhances efficiency and provides deep visibility into contract data.
The newly secured funds will be directed toward product development and scaling. The goal is to strengthen Ivo’s footprint within organizations already using the platform and to attract new enterprise clients. Some of Ivo’s major customers include Uber, Shopify, Atlassian, Reddit, and Canva.
Trusted by Industry Leaders
Kate Gardner, Senior Manager for Contract Operations at Uber, explained why the company chose Ivo: “Uber selected Ivo because it was intuitive to use, demonstrated a high level of accuracy, could work in multiple languages, and met its confidentiality requirements.” She also praised Ivo’s responsiveness and adaptability to Uber’s specific needs.
Ivo is purpose-built for in-house legal teams that require efficient contract review capabilities along with comprehensive access to their entire contract libraries. The platform’s flagship tool, Ivo Review, uses AI to streamline the contract review process. Customers have reported time savings of up to 75% compared to manual review methods.
Empowering Legal Teams with Smart Tools
Ivo Review standardizes legal positions and precedents using customized legal playbooks. These playbooks are created and implemented by legal professionals, ensuring that the platform aligns with existing legal workflows and corporate policies.
With this approach, Ivo not only accelerates contract review but also improves consistency and reduces the risk of oversight. The tool is particularly valuable for organizations managing large volumes of contracts across various jurisdictions and languages.
As legal departments face increasing pressure to do more with less, platforms like Ivo are becoming essential for digital transformation. By automating routine tasks and providing actionable insights, Ivo enables legal teams to focus on higher-value strategic work.
Future Outlook
With the new funding, Ivo plans to deepen its investment in AI innovation, product enhancements, and customer support. The company also aims to expand its market reach and solidify its position as a leader in the AI-powered contract review space.
Legal technology continues to evolve rapidly, and Ivo’s latest funding round reflects investor confidence in the platform’s potential to shape the future of contract management. As more organizations adopt AI tools to optimize legal operations, Ivo is well-positioned to meet the growing demand.
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