H4 which creates and analyses documents, has closed a $27m funding round from J.P. Morgan, Goldman Sachs, Barclays and Linklaters.
The investment will give each investor a minority investment within H4.
With the fresh capital, the company hopes to improve the grow the platform and reach more customers.
Headquartered in London, H4 is helping to reduce the time and effort in creating and understanding documentation. Its technology enables those within financial services or capital markets to create, capture and analyse information on documents.
H4 CEO and co-founder Joe Seifert said, “The H4 team are solving the pain of using decades old technology for the contracts that lie at the heart of the financial and legal industries. We just can’t accept that such important industries are still reliant on outdated tools when technology can unlock so much more, particularly during this time of remote work.”
In the capital markets space, its technology is used to support transactions between banks and law firms.
Goldman Sachs growth equity investor Sarah Shenton said, “The need for meaningful solutions in the digital document space across financial services is immense.
“H4 is very well positioned to be at the forefront of delivering solutions with significant impact to both our firm and the industry.”
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