About Akorda
Akorda is a company based in San Francisco (United States) founded in 2006 was acquired by LegalSifter in September 2023.. 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. Akorda operates in a competitive market with competitors including DocuSign, Icertis, Evisort, Conga and Sirion, among others.
- Headquarter San Francisco, United States
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Legalsifter, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Jun 01, 2020
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Investors
LegalSifter
& 3 more
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Employee Count
Employee Count
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Acquired by
LegalSifter
(Sep 18, 2023)
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Products & Services of Akorda
Akorda offers a comprehensive portfolio of products and services, including Contract Control Program, AI-Contract Review, and CLM Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for overseeing contract lifecycle and operations
Service for automated contract review and negotiation
System for organizing and extracting contract data
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Akorda | Valuation | Bloomberg Beta , Aspect Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage investments are provided to B2B SaaS startups.
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Founded Year | Domain | Location | |
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Corporate backed venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage US tech investments are made by Aspect Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akorda
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Akorda
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akorda Comparisons
Competitors of Akorda
Akorda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DocuSign, Icertis, Evisort, Conga and Sirion, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and AI-based electronic signatures and contract management are provided.
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| domain | founded_year | HQ Location |
Provider of contract lifecycle management platform with AI and agentic workflows
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| domain | founded_year | HQ Location |
Contract lifecycle management software is developed using AI-powered intelligence.
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| domain | founded_year | HQ Location |
Contract lifecycle management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
AI-powered software for legal contract management is utilized.
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| domain | founded_year | HQ Location |
AI based platform for contract analytics and due diligence
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Akorda
When was Akorda founded?
Akorda was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Where is Akorda located?
Akorda is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Akorda a funded company?
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 01, 2020.
What does Akorda do?
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.
Who are the top competitors of Akorda?
What products or services does Akorda offer?
Akorda offers Contract Control Program, AI-Contract Review, and CLM Platform.
Who are Akorda's investors?
Akorda has 4 investors. Key investors include LegalSifter, Revel Partners, Bloomberg Beta, and Aspect Ventures.