A Malbek Milestone: Our Series A Funding Round

by Hemanth Puttaswamy |
Share:

Today I am thrilled to announce the closing of our Series A funding round of $15.3 million!

As I reflect on how this journey began, I am once again reminded of the problem my co-founders Matt Patel and Madhu Poolu and I set out to solve four years ago. Throughout our decade of experience as business executives, we have witnessed firsthand the tension contract management caused between organizational teams. For too long, legal teams have been asked to do too much with too little and have carried the burden of owning end-to-end contract lifecycle management.

We founded Malbek with a vision to disrupt that dynamic by simplifying contract collaboration throughout the enterprise, empowering all business users across Sales, Finance, Procurement, Legal and more, to be change agents for their companies. Today, we are proud to support several Fortune 500 companies and other large enterprise teams, as well as many small to mid-sized high-growth organizations, in doing just that, and we’re only getting started!

It’s a very exciting day here at Malbek as this investment highlights the continued success of our platform and unlocks our next stage as a company, enabling us to continue building products that save organizations time, reduce risk, and accelerate topline revenue.

The last year has brought a tremendous amount of change—we’ve all changed the way we work, the way we collaborate, and the way we do business. But despite these changes, Malbek has continued to grow, and our commitment to you has remained the same. With our customers forefront in our mind, we will use this funding to accelerate product innovations—from our patent-pending, proprietary AI technology to our intuitive, drag-and-drop integration marketplace—grow our talented team and invest in our culture.

We are excited to welcome new investors, Noro-Moseley Partners and TDF Ventures, and continue our partnership with Osage Venture Partners. With their combined depth of experience and perspective, we can continue to scale both the company and the product while maintaining the integrity of our culture.

As we celebrate this important milestone, I’d like to extend a sincere thank you to the customers who have trusted us, the partners who continue to support us, and the employees who have made this all possible. As we look ahead, we are eager to expand our solution footprint with your help.

And for those of you that have been with us since the beginning, you might remember that little more than a year ago, we compared getting funded as a startup to getting married. I think it’s safe to say the honeymoon phase may have ended, but we are still in love with our future direction.

Thank you for being part of this adventure with us. Contract on!

You Might Also Like

Why Migrate? 3 Reasons to Prioritize Legacy Contract Migration

As the year comes to a close, 2023 planning is underway for many. If your organization has been ...

Read More
Soaring High at the WorldCC Americas Summit

We had a fantastic time at the World Commerce and Contracting Americas Summit! I have been in the ...

Read More
When Company Culture Isn’t Cliché: My New Home

Hi, I’m Lindsay, and my road to Malbek has been an interesting one. I went from a job that expected ...

Read More
Contract Management Trick or Treat!

"Trick or Treat!" It's the phrase that makes Halloween special for all of us. I hope your candy ...

Read More

Posts by

Post a Comment

Blog Authors

Alice Alfano is a Marketing Coordinator at ...

Allison Martyn is a Business Analyst who ...

Anna Lozynski is an award winning executive ...

Anne Moore has been helping customers automate ...

Anneliese Strout is a Principal Business Analyst ...

Becky Holloway began her marketing career in the ...

Betel Zewde was born and raised in Ethiopia and ...

Colin is a sought-after legal tech writer and ...

Dan Sloan has been helping companies successfully ...

Gary Zuder has been a trusted sales consultant to ...

Hemanth Puttaswamy is a technology entrepreneur. ...

Jaime has always been passionate about helping ...

As a skilled leader, Kari Geske is tickled to ...

Kevin Brening has been a SaaS enthusiast for the ...

Lindsay is eager to provide authentic connection ...

Madhu is a technology visionary and an expert in ...

Matt Patel is considered an all-rounder who can ...

Taeler Gannuscia, Product Marketing Manager at ...