Seal Software, a provider of Contract Discovery and Contract Analytics solutions, announced it has secured $4 million in funding to support the next stage of the company's growth. The round was led by Vinny Smith's Toba Capital and supported by many of Seal's existing investors. Seal also announced that software industry veteran Paul Sallaberry has joined its board of directors.
The new funding comes on the heels of a successful 2013 with, according to Seal, tripled revenues and 100% employee growth, and significant expansion of partner and customer implementations. Seal Software's Contract Discovery platform is used by hundreds of businesses worldwide, including Fortune 500 financial, marketing, technology, and pharmaceutical companies, and is integrated into a wide range of industry leading Contract Lifecycle Management (CLM) and Customer Relationship Management (CRM) software platforms.