# TermScout: Information technology & services, Denver, United States

> TermScout: TermScout is a Denver-based legal-tech company founded in 2018. Based in Denver, United States. Founded 2018.

Source: https://millionrounds.com/startup/termscout (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# TermScout

TermScout is a Denver-based legal-tech company founded in 2018.

Funding reported Last round: Seed

Information technology & services Denver, United States

Company summary

- **Founded:** 2018 8 years old
- **Team:** 22 11 to 50 people
- **Funding reported:** $7.3M in dollars
- **Last round:** Seed May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for TermScout has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About TermScout

TermScout is a Denver-based legal-tech company founded in 2018.

It offers an AI-powered platform designed for contract analysis, benchmarking, and independent certification. The company aims to help businesses understand their contracts, ensuring that agreements are transparent and fair. TermScout's services include contract benchmarking, which compares terms against thousands of real-world contracts, and contract certification, providing independent validation of contract fairness. The platform also features a contract rating system that analyzes over 700 data points in software and IT contracts, offering unbiased ratings and comparison charts. Additionally, TermScout combines AI insights with human attorney reviews to streamline the contract review process. Targeting B2B clients, TermScout serves both buy-side clients, such as legal teams and procurement experts, and vendor clients, including businesses selling software and IT services. The company focuses on reducing negotiation times and building trust in contract terms, making it easier for organizations to navigate their agreements.

## What company datasets say TermScout raised

Funding, as reported

Reported in all **$7.3M** in dollars

Rounds **5**

Last round **Seed**

Last round size **$5.0M**

Last round date **May 2022**

Investors listed **9**

SEC Form D **$3.3M sold, 5 filings, last Aug 2018**

## Founders and team

From TermScout's own website and the SEC filings it signed: 4 on the team.

- **Olga V. Mack** CEO
- **Renee Donis** Head of Marketing
- **Spencer Lasley** VP of Product
- **Chris Lynde** Executive Officer, Director, Promoter i

On the board, as filed i *David DeMarsh* *John Post* *Kevin Nelson* *Nancy Pierce*

## On 2 portfolio pages

Investors who name them

- [Sachse Family Fund](https://millionrounds.com/fund/sachse-family-fund)
- [Ground Up Ventures](https://millionrounds.com/fund/ground-up-ventures)

Each firm lists TermScout on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

termsconditions contract terms comparison contract reporting customer-friendly contracts click-to-accept contracts contract certification collaborative contracting sales cycle acceleration legal review transformation contract market data information technology & services negotiation reduction contract objections minimization ai contract review industry standards benchmarking eulas

Built with from their website

Linkedin Sign-in Google Tag Manager Amazon CloudFront Atlassian Tailwind CSS Linkedin Insight Tag Clarity SDM Convert YouTube MailChimp

+8 more

Google Workspace CloudFlare Viewport Meta LinkedIn Ads Google Drive Hubspot PostgreSQL Cloudflare WAF

- **Sector:** Information technology & services
- **Industry code:** NAICS 54111, 51321, SIC 7389
- **Region:** Colorado
- **Revenue:** $2.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/termscout)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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