Xerox Ventures announces second investment in end-to-end contract lifecycle management leader LinkSquares in Series C financing04 April 2022
NORWALK, Conn., April 4, 2022 – Xerox Ventures, the corporate venture capital subsidiary of Xerox Holdings Corporation (NASDAQ: XRX), announced today its second investment in the AI-powered contract management platform of choice, LinkSquares, as part of the company’s $100 million Series C financing, led by G Squared, with participation from new investor G2 Venture Partners, as well as existing investors. This investment brings the company’s total funding to $161.4 million, at a current valuation of $800 million.
In partnering with LinkSquares, Xerox Ventures demonstrates its commitment to supporting its portfolio companies through all stages of their funding lifecycle, from early stage through growth stage. LinkSquares’ end-to-end solution leverages the power of AI to automate contract management and provide uniquely intelligent term analysis with never-before-seen efficiency and accuracy. With the ability to quickly analyze and compare thousands of contracts and embedded information, LinkSquares products can save countless hours of time in contract preparation and reporting.
“LinkSquares has built a revolutionary contract lifecycle management platform, powered by AI and a differentiated technology stack,” said Chris Fisher, managing director, Xerox Ventures. “The Xerox Ventures team is proud to continue our support of LinkSquares and its exceptional management team in this Series C financing and continue to provide the resources needed to keep building the company’s vision into the future.”
“We’ve immediately seen the benefits of partnering since Xerox Ventures’ investment in our Series B just nine months ago,” said Vishal Sunak, chief executive officer at LinkSquares. “We’re excited that Xerox recognizes our technology as valuable to its customer base and that our offerings are part of Xerox Ventures’ vision for the future of business. Collaboratively, we will make that vision a reality, and we appreciate their partnership, confidence and the support of their network.”
Learn more about Xerox Ventures and its $250M venture capital fund here.
About Xerox Ventures
Established in 2021 as the corporate venture capital fund for Xerox Holdings Corporation, Xerox Ventures invests in early and growth-stage startups that emphasize Connected Work, Empowered Businesses and Green Enterprise. The company’s mission is to accelerate disruptive change – whether that be through software, cleantech, the internet of things (IoT/IIoT), advanced manufacturing, fintech, cybersecurity, or other deeptech avenues (software or hardware). More than an investor, Xerox Ventures offers its portfolio companies access to customers, tech partnerships, R&D support, and Xerox’s own wealth of expertise at the intersection of digital and physical.