Ivo Lands $55M Series B for AI Contract Intelligence
Ivo Secures $55 Million Series B to Expand AI-Powered Contract Intelligence
AI legal technology startup Ivo raised $55 million in Series B funding on January 20, 2026, following a year of substantial revenue growth and increasing adoption by large corporations. The San Francisco-based company develops artificial intelligence software designed to help in-house legal teams efficiently review, manage, and analyze contracts at scale.
Blackbird led the funding round, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures. the investment values Ivo at approximately five times its valuation from nine months prior,coinciding with a sixfold increase in annual recurring revenue during that same period.
Co-founders of Ivo, Jacob Duligall (l) and Min-Kyu Jung, CEO (r)
Ivo
Ivo specifically targets contract intelligence for in-house legal departments, a strategic decision according to co-founder and CEO Min-Kyu Jung. “We want to serve in-house legal teams rather than law firms,” Jung stated.”The problems they have are very distinct. In-house teams have one client, law firms have many, and that creates entirely different dynamics for how contracts are reviewed and managed.”
Jung,a former