TermScout
The main product is an AI-driven platform that streamlines contract reviews and negotiations by providing evaluations and benchmarks against industry standards, which facilitates faster deal closures. It leverages a comprehensive database of market contract data to certify contracts, ensuring they adhere to fair and competitive terms.
- Category: Contract Management
- Location: Denver, Colorado, United States
- Founded: 2018-01-01
- Total funding: 6670000
- Website: https://termscout.com
Product & Features
- TermScout provides AI-powered contract solutions that streamline contract review and negotiation processes.
- The platform offers contract scoring and benchmarking for objective evaluations based on standardized agreements.
- Teams can access transparent contract data to make informed decisions without hidden risks.
- Contract certification helps reduce redlining and accelerates deal cycles across departments.
- The solution enhances cross-department collaboration by aligning legal, sales, finance, and procurement teams.
- TermScout supports various functions, including Sales, Legal, Procurement, Finance, RevOps, and Marketing, with tailored insights.
- The platform aims to expand its offerings to provide industry-specific contract insights for sectors like SaaS and Healthcare.
Notable Customers
- RFG Advisory
- Freshworks
- Nearmap
- Automox
- Contractpodai
- Xactly
- Lenovo
- Avaya
- Atlassian
- Nexthink
- Qualtrics
Founders & Team
- Otto Hanson — Founder
Funding Rounds
- Seed — $5M (2022-05)
- Seed — $1.3M (2020-07)
Recent News
Investors
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Frequently Asked Questions
What is TermScout?
The main product is an AI-driven platform that streamlines contract reviews and negotiations by providing evaluations and benchmarks against industry standards, which facilitates faster deal closures. It leverages a comprehensive database of market contract data to certify contracts, ensuring they…
What does TermScout do?
TermScout provides AI-powered contract solutions that streamline contract review and negotiation processes. The platform offers contract scoring and benchmarking for objective evaluations based on standardized agreements. Teams can access transparent contract data to make informed decisions without hidden risks.
Who are TermScout's customers?
TermScout's customers include RFG Advisory, Freshworks, Nearmap, Automox, Contractpodai, Xactly.
Who founded TermScout?
TermScout was founded by Otto Hanson.
How much funding has TermScout raised?
TermScout has raised 6670000 across 2 funding rounds.
Who are TermScout's investors?
TermScout's investors include Bridge Investments, Killer Whale Stategies, NFX, Techstars, Underdog Labs.