LinkSquares raises $40 million

Boston-based LinkSquares , a legaltech startup providing software for contract analytics, has announced the completion of a $40 million Series B financing round led by Sorenson Capital. Other participants include Bottomline Technologies, Catalyst Investors, First Ascent Ventures, Hyperplane Venture Capital, Jump Capital, MassMutual Ventures , and Xero.

Founded in 2014, LinkSquares provides AI-powered contract management and analytics software to companies.

According to the company, it will use the funding to accelerate the “AI revolution” of legal software, and to build the legal-tech solutions that weren’t possible before. “For starters, we are developing new products that power every part of the contracting process with AI, which we believe will offer functionality no one has seen before. In the next few months, we’re excited to launch a first-of-its-kind product that will change the way businesses complete the contracting process.”