In January 2026, the AI-native legal platform Ivo secured $55 million in a Series B funding round. The investment was led by Blackbird, with participation from Costanoa Ventures, Fika Ventures, Uncork Capital, and GD1.
The company is led by Co-Founder and CEO Min-Kyu Jung. Ivo is pivoting the legal tech stack from “read-only” repositories to an intelligence-first model, where AI agents autonomously review, redline, and extract actionable business logic from complex corporate agreements.
Most LegalTech tools fail because they require lawyers to change their habits. Ivo addresses this by living entirely within Microsoft Word, achieving a verified 97% accuracy rate on legal benchmarks. This shift toward high-fidelity “logic enforcement” mirrors the architecture of AI-native code security layers, where machine intelligence protects the integrity of the underlying contract logic.
[Image of an AI contract intelligence agent integrated into Microsoft Word, highlighting risk detection and automated redlining]
The new capital will be used to scale product engineering and expand its footprint among Fortune 500 customers. By automating high-volume contract intake and triage, Ivo provides a level of operational leverage similar to billing compliance systems, allowing General Counsels to transform their departments from cost centers into strategic assets.
Market Signal
- The “Word-First” Moat: Ivo’s $55M round validates that the winner in LegalTech won’t be a standalone portal, but an invisible layer. By staying where lawyers work, Ivo circumvents the “adoption death spiral” that kills most CLM platforms.
- Accuracy as a Commodity: Achieving 97% accuracy signals that LLMs have matured into reliable “legal agents.” This transition is consistent with the shift toward autonomous voice agents in other enterprise front-office functions.
- The 6X Revenue Multiplier: Ivo’s 600% ARR growth in a single year proves that in-house teams are desperate for “Action-First” legal tools. By accelerating deal cycles, Ivo is effectively selling “Time-to-Revenue,” the highest-valued metric in the 2026 SaaS market.
Key Details
- Company: Ivo
- Funding: $55M Series B ($355M Valuation)
- Headquarters: San Francisco, CA
- Lead Investor: Blackbird
- CEO: Min-Kyu Jung
- Use Case: AI-powered contract review, autonomous redlining, and legal logic extraction
