Concord Worldwide, Inc.

Concord Worldwide, Inc. is a technology company specializing in intelligent contract management solutions that enhance organizational efficiency through automated contract lifecycle processes. Founded in 2014 and headquartered in San Francisco, US, Concord Worldwide, Inc. offers advanced contract management software.

The company has executed a total of 4 deals, with the most recent deal occurring on 2018-10-17 during its Series B funding round, raising USD 25. 00 mn led by Tenaya Capital with participation from Alven and CRV. The company's founders, Florian Parain and Matt Lhoumeau, have established a platform designed to optimize contract workflows for businesses. Concord specializes in comprehensive contract management software that streamlines the entire contract lifecycle, from intake to renewal.

The platform is powered by artificial intelligence, enabling businesses to automate various aspects of contract management, such as deadline tracking, risk assessment, and compliance monitoring. Concord's core offerings include self-service contract creation with legal-approved templates, built-in redlining, version control, and e-signature capabilities. It serves a diverse client base across various industries, including legal, finance, procurement, sales, HR, operations, and IT. The software facilitates a fully integrated contract ecosystem by connecting seamlessly with existing technology stacks, such as Salesforce and Slack.

Concord is marketed primarily in North America and Europe, targeting organizations looking to optimize their contract workflows without over-relying on legal teams. Concord generates revenue through a subscription-based model, offering multiple pricing tiers tailored to the needs of various business segments. Clients pay for access to the platform, which includes features such as AI-driven contract analysis and reporting tools. The company attracts a wide range of customers, from small businesses to large enterprises, who utilize the software to enhance their contract management processes.

Each subscription plan is designed to provide specific functionalities, ensuring that users receive value aligned with their operational requirements. Revenue is further supported by partnerships with various industry stakeholders, enhancing the platform's offering and expanding its market reach. Concord intends to utilize the USD 25. 00 mn raised in its Series B funding round in October 2018 to innovate and expand its product offerings.

The company is working on launching new features to enhance user experience and streamline contract management processes further. Additionally, Concord aims to penetrate new geographic markets in Asia and South America by 2023, seeking to broaden its global footprint and customer base.