Spotlight on Malbek, a developer of a cloud-based contract management platform designed to make the contract authoring process simple and fast.
Spotlight on: Malbek
Description
Developer of a cloud-based contract management platform designed to make the contract authoring process simple and fast. The company's platform helps to close deals quickly, increases contract visibility, searches for contracts with ease, and maximizes contract profitability, enabling businesses to manage increasing workloads and gain contract insight through artificial intelligence.
Most Recent Financing Status
The company raised $15.3 million of Series A venture funding in a deal led by Noro-Moseley Partners on September 28, 2021, putting the company's pre-money valuation at $60 million. Osage Venture Partners and TDF Ventures also participated in the round. The funds will be used to accelerate the company's proprietary, patent-pending AI product innovations while continuing to expand across multiple industries, bringing contracting efficiencies to businesses of all sizes.
CEO: Hemanth Puttaswamy
HQ Location: Princeton, NJ
Employees: 81
Total Raised: $20.55M
Post Valuation: $75.30M
Size Multiple: 5.42x Median (84th Percentile)
Institutional Investors:
- Noro-Moseley Partners
- Osage Venture Partners
- TDF Ventures
To learn more about Malbek, visit their website or follow them on X (Twitter) or LinkedIn.
Source: Pitchbook, September 2023
Published September 19, 2023.
