Ivo was founded in 2022 by former corporate lawyer Min-Kyu Jung and ex-Xero engineer Jacob Duligall. Originally started in New Zealand and built out in Sydney, the company later moved its headquarters to San Francisco as it scaled into the US enterprise market. The founders set out to solve a problem they had lived firsthand: in-house legal teams drowning in repetitive contract review work that consumes time without adding strategic value.
The core product, Ivo Review, reviews and redlines contracts directly inside Microsoft Word against a customer's negotiation playbook, flagging risky clauses, suggesting edits, and explaining its reasoning. The company reports the tool can reduce manual contract review time by as much as 75%. A second product, Ivo Intelligence, indexes a company's complete contract library and lets teams extract business insights and find connections between agreements in minutes rather than months.
Ivo targets Fortune 500 and high-growth enterprise legal departments, and counts Uber, Shopify, Atlassian, Reddit, and Canva among its customers. In the year leading up to its Series B the company reported 500% ARR growth, a 134% increase in customers, and a 250% jump in Fortune 500 adoption.
In January 2026 Ivo raised a $55 million Series B led by existing investor Blackbird, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures. The round brought the company's total disclosed funding to roughly $81 million. Ivo positions itself against legacy CLM vendors and other legal-AI entrants by focusing narrowly on accuracy and workflow fit for in-house counsel.