SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed funding round led by Kalaari Capital with participation from Picus Capital, Arka Ventures, and Digital Sparrow Capital. This funding will drive its efforts in engineering, AI research, and marketing.
SimpliContract democratises contract authoring and establishes powerful post-signature contract management practices by leveraging AI and natural language processing (NLP). The product supports organisations across the contract lifecycle – from request to renewal – and enables effective collaboration for internal and external stakeholders such as vendors and customers.
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