About Akorda
Akorda is a Professional & Legal Services company based in San Francisco (United States) founded in 2006, and was acquired by LegalSifter in September 2023. Legal contracts are managed and reviewed via AI-powered software. Akorda has raised $4 million across 1 funding round from investors including LegalSifter, Revel Partners and Bloomberg Beta. Akorda offers products and services including Contract Control Program, AI-Contract Review, and CLM Platform. Its focus areas include Enterprise Applications, Legal Tech, Legal Contract Management and Contract Lifecycle Management. Its legal entity is LegalSifter, Inc. Its competitors include DocuSign, Icertis and Evisort; 3 of its 3 listed competitors have raised funding.
Company details
Akorda was founded in 2006 in San Francisco, United States, within the legal technology sector. A platform is provided for contract management and legal review, where workflows and agreements are handled. AI technologies are employed to assess legal cases and oversee contract lifecycles. A dashboard is included for monitoring status updates, conducting audits, managing internal approvals, and tracking document versions.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsProfessional & Legal Services
- Email••••••••
- Phone•••• ••••
- Website akorda.com
- Social LinkedIn X Facebook YouTube
- Acquired by LegalSifter (Sep 2023)
- Legal Name Legalsifter, Inc.
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Jun 2020
- InvestorsLegalSifter
& 3 more
- Acquired byLegalSifter
(Sep 2023)
Products & Services of Akorda
Akorda offers a comprehensive portfolio of products and services, including Contract Control Program, AI-Contract Review, and CLM Platform.
Platform for overseeing contract lifecycle and operations
Service for automated contract review and negotiation
System for organizing and extracting contract data
Funding Insights of Akorda
Akorda has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Jun 2020)
- Investors Count 3
All 1 funding rounds of Akorda with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $4M | Seed | – | Bloomberg Beta, Aspect Ventures |
4 investors in total: 4 institutional.
Investors in Akorda
Akorda has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include LegalSifter, Revel Partners and Bloomberg Beta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are provided to B2B SaaS startups. | revel.vc | New York, United States | ||
Corporate backed venture capital firm focused on multiple sectors | bloombergbeta.com | San Francisco, United States | ||
Early-stage US tech investments are made by Aspect Ventures. | aspectventures.com | Palo Alto, United States | ||
AI-powered platform for contract review and analytics. | 2013 | legalsifter.com | Pittsburgh, United States |
Investor details for Akorda
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Akorda
7 people are tracked at Akorda (4 in leadership, 3 in board & advisors).
| Name | Role | Group |
|---|---|---|
Derek Schueren | Chief Executive Officer | Leadership |
Peter Charles | Chief Technological Officer | Leadership |
Joaquin Delgado PhD. | Chief Technical Advisor | Leadership |
Lex G. | Global Account Director | Leadership |
Jan Puzicha | Advisor | Board & advisors |
Joaquin A. Delgado | Advisor | Board & advisors |
Russ Andersson | Advisor | Board & advisors |
Complete people profiles for Akorda
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Akorda
3 dated milestones of Akorda across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Akorda is founded.
- Funding First funding round of $4.0M.
- Exit Acquired by LegalSifter.
Competitors of Akorda
Akorda has 3 listed competitors in our database, 3 of them funded. They include DocuSign, Icertis and Evisort.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| docusign.com | 2003 | San Francisco, United States | $520M | 6,840 | Cloud and AI-based electronic signatures and contract management are provided. | |
| icertis.com | 2009 | Bellevue, United States | $497.04M | 1,649 | Provider of contract lifecycle management platform with AI and agentic workflows | |
| evisort.com | 2016 | San Carlos, United States | $154.69M | 101 | Contract lifecycle management software is developed using AI-powered intelligence. |
Detailed competitors of Akorda
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Legal Tech
3 companies that operate in the same segment as Akorda (Legal Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered legal research assistance is provided to law firms. | 2022 | San Francisco, California, United States | USD 1.82 B | 1,840 | ||
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Akorda
Complete news archive for Akorda
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Akorda
Akorda was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Akorda is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Akorda is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Jun 2020.
Akorda was founded in 2006 in San Francisco, United States, within the legal technology sector. A platform is provided for contract management and legal review, where workflows and agreements are handled. AI technologies are employed to assess legal cases and oversee contract lifecycles. A dashboard is included for monitoring status updates, conducting audits, managing internal approvals, and tracking document versions.
Akorda offers Contract Control Program, AI-Contract Review, and CLM Platform.
Akorda has 4 investors. Key investors include LegalSifter, Revel Partners, Bloomberg Beta, and Aspect Ventures.
Akorda operates through Legalsifter, Inc..
Yes. Akorda was acquired by LegalSifter in September 2023.