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 320 active competitors, including 69 funded and 28 that have exited. Its top competitors include companies like DocuSign, Workday and Zoho.
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
45th among 320 active competitors
Annual Revenue
£247K 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 | $324K (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 | 2293937 | Series A | 6803056 | 7307117 | 7194493 | 7932285 |
Dec 13, 2018 | 3601730 | Grant (prize money) | 4724650 | 9111641 | 8232683 | |
Oct 11, 2018 | 4508708 | Series A | 3520694 | 4280740 | 5069199 | 1335504 |
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 1m | |
henvhcp | Team | - | Current | 2y 3m |
tocclcr | Team | - | Past | 8y 9m |
Independent board member | - | Current | 7y 5m | |
myxzize | Independent board member | - | Current | 2y 5m |
rbxwhbb | Independent board member | - | Current | 3y 4m |
ldxhqus | Independent board member | - | Current | 9y 2m |
kn{tzyu | Independent board member | - | Past | 5y 9m |
pgnrasn | Independent board member | - | Past | 5y 8m |
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 DocuSign, Workday and Zoho. 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 | DocuSign 2003, San Francisco (United States), Public | Provider of electronic signature and intelligent agreement management platform solutions | $520M | 88/100 | |
2nd | Workday 2005, Pleasanton (United States), Public | Cloud-based financial management, EPM, and HR software provider for enterprises | $352M | 86/100 | |
3rd | Provider of cloud-based business software suite for diverse operational requirements | - | - | 76/100 | |
4th | Sirion 2012, Lehi (United States), Acquired | AI-powered contract lifecycle management platform | $171M | 74/100 | |
5th | Spotdraft 2017, New York City (United States), Series B | Provider of AI-powered contract management software | $113M | 73/100 | |
6th | Conga 2006, Broomfield (United States), Acquired | Provider of document automation, contract lifecycle management, and revenue solutions | $140M | 72/100 | |
7th | Luminance AI 2015, Cambridge (United Kingdom), Series C | AI based platform for contract analytics and due diligence | $165M | 70/100 | |
8th | Ironclad 2014, San Francisco (United States), Series E | Platform offering contract lifecycle management software | $333M | 70/100 | |
9th | Evisort 2016, San Francisco (United States), Acquired | Developer of contract lifecycle management software with AI capabilities | $155M | 69/100 | |
10th | Icertis 2009, Bellevue (United States), Series F | Provider of contract lifecycle management platform with AI and agentic workflows | $497M | 67/100 | |
45th | 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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