Lexion
Document AI · Legal AI
$20Mlatest round · Series B · Apr 2023 · 3 yr ago
2backers · Madrona Venture Group, Point72 Ventures
40stories in the press
2018founded
Overview
Lexion built an artificial intelligence contract management system for legal and business teams. Its models extracted key terms and routed agreements automatically. The company was spun out of the Allen Institute for AI and later acquired by Docusign.
Key facts
These are the key facts about Lexion on Alion as of Nov 13, 2026. Lexion is headquartered in Seattle, United States. It was founded in 2018. The latest round is Series B of $20M, announced in 2023.
- Headquarters
- Seattle, United StatesAlion company profile, updated Sep 6, 2026
- Founded
- 2018Alion company profile, updated Sep 6, 2026
- Total raised
- $20MSum of 1 equity round Alion knows
- Latest round
- Series B · $20M · Apr 19, 2023Press report · law.com
Funding and backers
Total raised
$20M
1 round on record
Latest round
$20M
Series B · Apr 2023 · 3 yr ago
Backers
2
Madrona Venture Group, Point72 Ventures
The money's age
Long since its last round
42 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
2 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Apr 19, 2023
Raised a round Series B $20M · Law.com
Nov 3, 2021
Launched Lexion Launches Email-First Contract Workflows for Rapid, Easy Adoption · Nasdaq
2018
Founded
Tractionpublic signals, read monthly
Web presence
top 5%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series B | Apr 2023 | $20M | — | Law.com |
Backed byfrom the funds' portfolios and accelerator catalogs
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Financials
Total raised
$20M
Latest round
Series B
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Series B | 2023 | $20M | Details |
Connections
List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors
Point72 VenturesVia a fund
Madrona Venture GroupVia a fund
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
Shared investors
News
Docusign Buying Lexion In $165 Million Deal
Docusign announced it has agreed to buy Lexion for $165 million in cash, subject to customary conditions. Lexion's simple agreement workflow platform has helped companies streamline and centralize the contracting process by using AI. Lexion customers incl
Read more
Report
Serial entrepreneur Gaurav Oberoi strikes again: Lexion's sale to Docusign shows methodical approach to building startups
Read more
Report
Docusign to Acquire CLM Provider Lexion for $165M in Cash
Docusign looks to strengthen its position in Intelligent Agreement Management by adding Lexion
Read more
Report
Docusign Accelerates Intelligent Agreement Management with Lexion Acquisition
Docusign agrees to acquire Lexion, a leader in AI-powered agreement management software, for $165m in cash, subject to customary adjustments.
Read more
Report
Lexion Raises $20 Million in Series B Round, Bringing in New Venture Capital Investors
The Wilson Sonsini-backed CLM provider noted it will leverage its newest investment to further enhance its product and AI capabilities.
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Report
US CLM vendor Lexion unveils GPT-3 based contract drafting tool
Contract lifecycle management vendor Lexion unveils itsAI Contract Assist tool, which uses GPT-3 to helplawyers with contract review.
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Report
Lexion Launches Email-First Contract Workflows for Rapid, Easy Adoption
Lexion, an AI-powered contract management system, today announced Lexion Workflow, a new module that accelerates the in-house legal contracting process. "Incredibly easy is our key focus," said Gaurav Oberoi, co-founder and CEO of Lexion." In-house legal
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Report
that drew widespread interest
Seattle legal tech startup Lexion is the latest company to take advantage of GPT-3, the language model from OpenAI that drew widespread interest following the recent release of ChatGPT ...
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Report
Silicon Valley firm Khosla Ventures makes a rare Seattle investment, leading 11M round
The Seattle startup that helps legal teams use AI to sift through contracts has quadrupled revenue and added 50 customers over the past four months, including brands such as Outreach, Blue Nile, OfferUp...
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Report
Lexion, AI-based contracts venture backed by Wilson Sonsini, raises 11 mln
Lexion, an artificial intelligence-powered contract management startup aimed at in-house legal teams at mid-market companies, said Thursday that it secured 11 million in a Series A funding round. Venture capital firm Khosla Ventures led the oversubscribed
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Report
Show more news
Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Seattle
United States
HQ
How to cite this page
Alion, "Lexion: key facts", as of Nov 13, 2026. https://alion.io/company/lexion
These figures are published under a free licence. You may reuse them, including commercially, as long as you credit Alion and link back to this page. CC BY-SA 4.0