Ivo

About Ivo

Ivo operates in the legal technology sector, providing a generative AI-powered platform to automate and expedite contract negotiations for corporate legal teams. The company was founded in 2021 by CEO Min-Kyu Jung and CTO Jacob Duligall. Formerly a corporate lawyer in New Zealand, Jung became frustrated with the manual and time-consuming nature of contract review. This firsthand experience motivated him to leave his legal career, teach himself to code, and develop the initial version of what would become Ivo.

The company, originally founded in New Zealand as Latch and now headquartered in San Francisco, targets in-house legal departments as well as procurement and sales teams at organizations ranging from fast-growing startups to Fortune 500 companies. Its client roster includes notable names like Canva, Pinterest, Quora, Automattic, and Eventbrite. Ivo generates revenue through a software-as-a-service (SaaS) model, offering subscriptions to its platform. The business has secured significant venture capital, totaling $22.2 million from investors including Costanoa Ventures, Uncork Capital, and Fika Ventures.

Ivo's core product is a software solution that reviews and redlines agreements by checking them against a company's established legal playbooks and historical contract data. The platform uses AI to identify clauses that deviate from standard terms, suggests revisions, and can generate compromise language, producing edits that mirror the style of experienced attorneys. Key features include the AI-powered generation of company-specific legal playbooks, one-click creation of a comprehensive issues list, and dynamic redlining of entire documents. The platform also offers a smart repository for organizing contracts and an agentic assistant for quickly finding information within legal documents. This approach is designed to reduce the time legal teams spend on routine reviews, with one client reporting a 75% efficiency gain, saving an average of 45 minutes per contract.