About Docsumo
Docsumo is a company based in Lewes (United States) founded in 2019.. Docsumo has raised $3.72 million across 3 funding rounds from investors including Barclays, Arbor Realty Trust and Fifth Wall. Docsumo offers products and services including Data Extraction, OCR Scanner, Table Extraction, and Document Pre-Processing. Docsumo operates in a competitive market with competitors including FiscalNote, Wolters Kluwer, Kivra, Eqs and Behavox, among others.
- Headquarter Lewes, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.72 M (USD)
in 3 rounds
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Latest Funding Round
$3.5 M (USD), Seed
Mar 03, 2022
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Investors
Barclays
& 7 more
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Employee Count
Employee Count
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Products & Services of Docsumo
Docsumo offers a comprehensive portfolio of products and services, including Data Extraction, OCR Scanner, Table Extraction, and Document Pre-Processing. 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.
Extracts key values and tables from unstructured documents accurately.
Converts scanned images to text for easy data processing.
Identifies and pulls tables from documents for analysis.
Prepares documents for extraction by classifying and splitting.
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Funding Insights of Docsumo
Docsumo has successfully raised a total of $3.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in March 2022. 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 3
- Last Round Seed — $3.5M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Docsumo | Valuation | Common Ocean | |
| Aug, 2020 | Amount | Seed - Docsumo | Valuation | Better Capital , Techstars | |
| Jan, 2020 | Amount | Seed - Docsumo | Valuation | Barclays |
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| 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 Docsumo
Docsumo has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Barclays, Arbor Realty Trust and Fifth Wall. 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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Common Ocean is engaged as a hybrid venture capital firm.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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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 Docsumo
| 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 - Docsumo
| 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 |
Docsumo Comparisons
Competitors of Docsumo
Docsumo 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 FiscalNote, Wolters Kluwer, Kivra, Eqs and Behavox, 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 |
AI-driven legal, regulatory, and policy data analysis is delivered.
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| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
Invoice digitization tools are provided for business data management.
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| domain | founded_year | HQ Location |
Compliance workflows for businesses are streamlined by Eq s platform.
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| domain | founded_year | HQ Location |
AI-driven compliance and risk management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Financial documents are automated and managed for accountants and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Docsumo
Frequently Asked Questions about Docsumo
When was Docsumo founded?
Docsumo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Docsumo located?
Docsumo is headquartered in Lewes, United States. It is registered at Lewes, Delaware, United States.
Is Docsumo a funded company?
Docsumo is a funded company, having raised a total of $3.72M across 3 funding rounds to date.
What does Docsumo do?
Cloud-based platform for document digitization. It is a data entry document workflow automation platform for accountants to extract data automatically from a document. It captures data from unstructured documents such as invoices bank statements and converts them into structured formats such as CSV, JSON, XML, and Excel. It uses deep learning to extract and validate data from invoices. It provides an AI engine to perform the auto validation checks of GSTVAT number, line item HSN code, subtotal, tax rate, and total. It can be integrated with ERP systems such as SAP and Oracle and accounting software such as Tally and QuickBooks.
Who are the top competitors of Docsumo?
Docsumo's top competitors include Behavox, Wolters Kluwer and Kivra.
What products or services does Docsumo offer?
Docsumo offers Data Extraction, OCR Scanner, Table Extraction, and Document Pre-Processing.
Who are Docsumo's investors?
Docsumo has 8 investors. Key investors include Barclays, Arbor Realty Trust, Fifth Wall, Techstars, and Common Ocean.
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