Thoughtriver - About the company
Thoughtriver is a series A company based in London (United Kingdom), founded in 2011. It operates as an AI based contract risk management. Thoughtriver has raised $18.8M in funding from investors like Octopus Ventures, Entree Capital and Syndicate Room, with a current valuation of $*****. The company has 3951 active competitors, including 364 funded and 213 that have exited. Its top competitors include companies like HubSpot, Salesforce and DocuSign.
Company Details
Thoughtriver is a legal contract automation solution which uses NLP to analyse and review legal agreements for internal contract review and compliance using artificial intelligence and risk profiling. It can identify potentially problematic clauses in contracts. By using predictive and behavioural analytics, machine trained text mining and data visualisation it enables companies to understand and transform the quality of legal deals - for speeding decision making, and providing better information on which to make decisions. It suggests better legal language or explains the problem, as the case requires. The company is run as a joint venture with leading technology law firm Taylor Vinters LLP. The company operates from offices in Cambridge, London and Singapore.
- Website
- www.thoughtriver.com/
- Registered Address
- Tower 42, 33rd Floor 25 Old Broad Street, London, United Kingdom, EC2N 1HQ
Key Metrics
Founded Year
2011
Location
London, United Kingdom
Stage
Series A
Total Funding
$18.8M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 19, 2020
Investors
Ranked
80th among 3951 active competitors
Annual Revenue
£0 - £1M as on Mar 31, 2019
Employee Count
12 as on Mar 31, 2026
Legal entities associated with Thoughtriver
Thoughtriver is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Thoughtriver Limited CIN: 10007469 , United Kingdom, Active | Feb 15, 2016 | $0 - $1M (As on Mar 31, 2019) | 21 (As on Dec 31, 2024) |
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Thoughtriver's funding and investors
Thoughtriver has raised a total funding of $18.8M over 5 rounds. Its first funding round was on 2011. Its latest funding round was a Series A round on Aug 19, 2020 for $*****. 6 investors participated in its latest round. Thoughtriver has 9 institutional investors and 13 angel investors.
Here is the list of recent funding rounds of Thoughtriver:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 19, 2020 | 1264826 | Series A | 1059205 | 9153757 | 2894314 | 7729133 |
Dec 13, 2018 | 7131707 | Grant (prize money) | 2872486 | 9225876 | 5361811 | |
Oct 11, 2018 | 4803562 | Series A | 7926657 | 3331860 | 6732759 | 6838795 |
View details of Thoughtriver's funding rounds and investors
Thoughtriver's founders and board of directors
Founder? Claim ProfileThoughtriver's Board of Directors
Thoughtriver's board has 6 active members. Jeffrey Scott Sage and Tim Pullan are part of team and Scott Sage, Akriti Dokania, Michael Brent Lisowski and Nicholas John Halstead are independent board members.Here is the list of Thoughtriver's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 3m | |
nylucwk | Team | - | Current | 9y 3m |
owvdg{f | Team | - | Past | 3y 6m |
Independent board member | - | Current | 7y 7m | |
wabooee | Independent board member | - | Current | 6y 5m |
jeqnjgh | Independent board member | - | Current | 3y 1m |
peqk{fu | Independent board member | - | Current | 2y 4m |
zkkbjue | Independent board member | - | Past | 5y 8m |
srbktqi | Independent board member | - | Past | 7y 1m |
Thoughtriver's employee count trend
Thoughtriver has 12 employees as of Mar 26. Here is Thoughtriver's employee count trend over the years:
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Thoughtriver's Competitors and alternates
Top competitors of Thoughtriver include HubSpot, Salesforce and DocuSign. Here is the list of Top 10 competitors of Thoughtriver, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | HubSpot 2005, Cambridge (United States), Public | Provider of a platform offering marketing, sales, and customer service software | $101M | 88/100 | |
2nd | Salesforce 1999, San Francisco (United States), Public | Provider of a platform delivering customer relationship management and cloud solutions | $52M | 87/100 | |
3rd | DocuSign 2003, San Francisco (United States), Public | Provider of electronic signature and intelligent agreement management platform solutions | $520M | 87/100 | |
4th | Coupa 2006, San Mateo (United States), Acquired | Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend | $169M | 87/100 | |
5th | Freshworks 2010, Chennai (India), Public | Provider of IT service management and customer support solutions | $400M | 84/100 | |
6th | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $307M | 77/100 | ||
7th | Provider of software for managing corporate spending and invoice processing | $304M | 76/100 | ||
8th | Provider of cloud-based business software suite for diverse operational requirements | - | - | 76/100 | |
9th | Concur 1988, Bellevue (United States), Acquired | Provider of travel, expense, and invoice management solutions for businesses | - | 75/100 | |
10th | Sirion 2012, Lehi (United States), Acquired | AI-powered contract lifecycle management platform | $171M | 75/100 | |
80th | Thoughtriver 2011, London (United Kingdom), Series A | AI based contract risk management | $18.8M | 57/100 |
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Thoughtriver's Investments and acquisitions
Thoughtriver has made no investments or acquisitions yet.
News related to Thoughtriver
Media has covered Thoughtriver for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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ThoughtRiver Sets New Standard in AI Contract Review, Grounded in Latest Industry Research
Thoughtriver•Apr 09, 2024•Thoughtriver
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AI Pioneer ThoughtRiver Launches Construction Sector Tool as Strategy EvolvesArtificial Lawyer•May 19, 2022•Thoughtriver
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ThoughtRiver nabs $10M to speed up deal-making with AI contract reviewTechCrunch+•Sep 07, 2020•Thoughtriver, Octopus Ventures, Crane Venture Partners, LocalGlobe and 2 others
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PwC enters 'LawTech' market in collaboration with UK AI firm ThoughtRiverRealWire•Feb 04, 2020•PwC, Thoughtriver
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