Lexion

About Lexion

Financials

Dated, source-cited figures. Estimates are marked.

Products by Lexion

All products by Lexion reviewed by our AI panel of experts.

LexionAI Legal

Contract workflow software for operations teams

Free7.5/10

How Our Review Panel Scores Lexion

Six independent reviewer personalities assessed Lexion's product on their own terms. They disagreed by 1.3 points — The Finance Lead was the hardest to convince, The Decision Maker the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Lexion competes with, and how they differ.

Ironclad7.9/10

Ironclad is the better-funded enterprise CLM leader (over $300M raised), pairing workflow automation and e-signature with AI review for large legal teams, versus Lexion's faster-onboarding mid-market focus.

1 product reviewed on TopReviewed

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Icertis

Icertis is a Seattle-area unicorn selling a heavyweight, highly configurable enterprise CLM platform; press coverage of Lexion's own funding explicitly named Icertis as its closest incumbent competitor, though Icertis skews toward large enterprise deployments Lexion did not chase.

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SpotDraft7.4/10

SpotDraft competes directly for the same mid-market contract-workflow buyer, but leans more on templated approval playbooks and legal-ops self-serve than Lexion's natural-language search and cross-department reach into sales, IT, finance, and HR.

1 product reviewed on TopReviewed

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Juro7.2/10

Juro is a browser-native contract collaboration tool built around in-line editing and e-signature for scaleups, targeting the same fast-growing mid-market buyer as Lexion but with less emphasis on a searchable AI contract repository.

1 product reviewed on TopReviewed

eBrevia7.7/10

eBrevia (now part of Donnelley Financial Solutions) is narrower in scope, selling AI contract-extraction and due-diligence analysis rather than Lexion's full repository-plus-workflow platform.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Lexion's history, with sources.

1. May 31, 2024Acquisition

   Docusign completes acquisition of Lexion

   Docusign announced it had completed the acquisition of Lexion, folding the AI-powered agreement management company into the Docusign IAM (Intelligent Agreement Management) platform.

   menafn.com
2. May 6, 2024Acquisition

   Docusign agrees to acquire Lexion for $165M in cash

   Docusign announced an agreement to acquire Lexion for $165 million in cash, subject to customary adjustments, to add AI-assisted document understanding to its IAM platform; co-founders Gaurav Oberoi, James Baird, and Emad Elwany were slated to join Docusign in senior product/engineering roles.

   prnewswire.com
3. Apr 19, 2023Funding

   Series B — $20M led by Point72 Ventures

   Lexion raised a $20 million Series B led by Point72 Ventures, joined by Citi Ventures alongside existing backers Khosla Ventures, Madrona Venture Group, and Wilson Sonsini, after tripling revenue in 2022.

   geekwire.com
4. Jun 17, 2021Funding

   Series A — $11M led by Khosla Ventures

   Lexion raised an $11 million Series A led by Khosla Ventures after quadrupling revenue and adding 50 customers over four months; total funding to date reached $15.2 million.

   geekwire.com
5. June 2020Launch

   Launches Slack chatbot for instant contract lookup

   Lexion rolled out a Slack chatbot that lets in-house legal teams instantly locate contracts based on viewing permissions, aimed at remote-work workflows during the pandemic.

   geekwire.com
6. Jul 19, 2019Funding

   Seed round — $4.2M led by Madrona Venture Group

   Lexion, a spinout of the Allen Institute for Artificial Intelligence (AI2), raised a $4.2 million seed round led by Madrona Venture Group, with participation from law firm Wilson Sonsini Goodrich & Rosati.

   geekwire.com
7. 2018Founded

   Founded as an Allen Institute for AI (AI2) spinout

   Lexion (legal name DocuSmart Inc.) was founded in 2018 by Gaurav Oberoi, Emad Elwany, and James Baird, who met at the Allen Institute for Artificial Intelligence (AI2) in Seattle.

   geekwire.com