Digital contracting business Summize has developed an intelligent SaaS solution that helps clients to digitise the contract life cycle, making it easier and faster to review, create and manage contracts. Summize’s AI‑powered technology helps accelerate the contract process by providing intelligent contract summaries and making workflows more efficient. This also improves collaboration between legal and business users and helps teams gain greater visibility and control.

Summize has experienced rapid growth by taking a disruptive approach to a traditional sector, developing software that manages contracts across organisations and crucially reduces the time spent reviewing contracts.

The Maven VCTs provided funding to support the business in further developing its Contract Lifecycle Management (CLM) technology and expanding its presence in the US. During the time of Maven’s investment, Summize has delivered strong and consistent growth, with ARR having increased by more than 350%, including over 100% in each of its past two financial years. The business has also expanded into North America, with the opening of an office in Boston, Massachusetts, which will provide a scalable base for the expansion of its US client portfolio.

The Maven VCTs provided follow‑on funding in 2024 to support continued expansion into the US, where a significant market opportunity has been identified. Further revenue growth is expected from both the UK and US markets as the company continues to evolve its product offering and expand its local presence.