DSD Invest
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Verity

Contract intelligence for legal teams

IPO, NYSE, 2022

Verity reads contracts so that lawyers can spend less time doing it. In-house legal teams upload their agreements and Verity pulls renewal dates, liability caps, change-of-control clauses and other terms into a searchable register, flagging anything that departs from the company's standard positions. A typical customer has 20,000 to 50,000 contracts under management.

Julia practised corporate law in New York for eight years, and Femi had led machine learning work at a financial data company. When we led the Series A in 2016, Verity had 30 customers and an unusually high rate of expansion within each one. Nadia joined the board and stayed through the listing.

Verity went public on the NYSE in 2022. More than 1,800 legal departments now use it, and the company has since added tools for drafting and negotiation.

Founders

Julia Brandt

Co-founder and CEO

Femi Adeyemi

Co-founder and CTO

Funding history

$158M raised across 4 rounds

  1. Seed · $3M

    Led by Alderhill Ventures

  2. Series A · $15M

    DSD Invest invested

    Led by DSD Invest

  3. Series B · $45M

    DSD Invest invested

    Led by Harbourline Capital

  4. Series C · $95M

    DSD Invest invested

    Led by Kestrel Ridge

  5. 2022

    IPO, NYSE