Backing the next phase of growth at Summize

We’re pleased to share that YFM has completed a £5m follow-on investment into Summize, taking our total VCT commitment to £9.25m and reinforcing our conviction in one of the UK’s fastest-growing legal technology businesses

Since our initial investment in October 2022, Summize has continued to perform strongly delivering five consecutive years of over 100% growth.

Founded in Manchester, Summize has developed an AI-powered digital contracting platform that streamlines the contract lifecycle by integrating directly with tools such as Microsoft Teams, Slack and Word. By making contracts easier to understand and act on, the platform helps legal and commercial teams collaborate more effectively.

Over the past two years, growth has increasingly been driven by the US, this momentum is supported by a growing on-the-ground presence, including offices in Boston and San Diego and a 20-strong US team.

This investment forms part of a £41m Series B round, providing additional growth capital as Summize enters its next phase of expansion plans to;

• Launch new AI-driven product functionality

• Strengthen its leadership team with the appointment of a US-based CRO
• Continue scaling its US operations to meet growing demand

The round also marks the entry of Kennet Partners, a London-based growth investor with a strong track record of supporting UK software businesses as they scale internationally. We’re pleased to continue backing Summize alongside existing investors and to welcome Kennet as a new partner for the journey ahead.

From a Manchester-based scale-up to a business with a rapidly growing US footprint, Summize has continued to execute against a clear and ambitious growth strategy.

With fresh growth capital, an expanding leadership team and a strong transatlantic presence, the business is well positioned to accelerate product innovation and continue scaling in a global market.