NPIF - Maven Equity Finance has successfully exited its investment in Summize, achieving an 8.3x return, as the legal technology company continues to expand its contract lifecycle management solutions in both the UK and US markets following a recent £40 million funding round.

Information on the target

Summize is a high-growth legal technology business that specializes in delivering intelligent contract lifecycle management solutions. Based in Manchester, the company has successfully expanded its operations into both the UK and US markets. Since its inception, Summize has focused on enhancing the efficiency and accuracy of contract management for in-house legal teams by integrating its innovative platform with widely used tools such as Microsoft Word, Outlook, Teams, Slack, Salesforce, and HubSpot.

The company was initially backed by NPIF - Maven Equity Finance in May 2019 when it was pre-revenue. Over the years, Summize has received multiple rounds of follow-on funding to bolster its go-to-market strategy and facilitate its expansion efforts, ultimately leading to a recent funding round of £40 million aimed at further scaling its product and team.

Industry overview in the target’s specific country

The legal technology sector in the UK has experienced significant growth in recent years, driven by the increasing demand for efficiency and automation within legal processes. As organizations seek to streamline operations and reduce costs, the adopt