What is TermScout? TermScout Review

What is TermScout? TermScout Review
TermScout is an American legal technology platform that is based on artificial intelligence and data-driven, bringing convenience to the contract review process and reducing review time by up to 50%. Founded in 2018 Headquarters in Denver, Colorado Founder Otto Hanson


Function Introduction

1. Turn your contract into a sales tool

If your terms and conditions aren’t working for you and making it easy for your customers, your sales team won’t be able to close deals. Our Sales Accelerator eliminates the problems that slow down deals due to contractual friction. Give your customers something that will help you close.

2. Minimize contract backlog

When contracts pile up, business slows down. Let TermScout sort out the details. Our Red Flags reports give you the insights you need to move contracts from stagnation to action. It's easy. It's fast. That's right. Take action with TermScout.

Corporate Culture

Mission: Provide trusted information about contracts to create more transparent business relationships.

Vision: To be the authoritative source of actionable contract intelligence.

Financing

In June 2019, TermScout completed a $300,000 seed round of financing, and the investors were not disclosed.

In February 2020, TermScout completed a $370,000 seed round of financing from Techstars and Techstars Boulder Accelerator.

In July 2020, TermScout completed a US$1.25 million seed round of financing from Hilltop Venture Partners, Techstars, and EonCapital.

References

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