Ivo

Ivo is an artificial intelligence contract review company that began in New Zealand in 2022 and now runs from San Francisco, California. It was started by Min-Kyu Jung, who left corporate legal practice and taught himself to code, and Jacob Duligall. The company is independent and venture-backed, with no parent group, private equity sponsor or public listing.

The company launched under the name Latch, raised a $4.8 million seed round backed by Fika Ventures and Uncork Capital, and rebranded to Ivo in 2024. A $16 million Series A led by Costanoa Ventures followed in February 2025, and a $55 million Series B led by Blackbird closed in January 2026 at a reported valuation of about $355 million, taking total funding to roughly $75 million. Customer numbers and recurring revenue grew sharply across that period.

Ivo at a glance:

• Founded: Founded in 2022 in New Zealand by Min-Kyu Jung, previously a corporate solicitor, and Jacob Duligall, and later relocated to the United States.
• Headquarters: Headquartered in San Francisco, California, retaining engineering and commercial links to New Zealand and Australia, where the company started.
• Ownership: Independent and venture-backed, with roughly $75 million raised from Blackbird, Costanoa Ventures, Uncork Capital, Fika Ventures and GD1.
• Legal Technology Portfolio: Sells one platform, Ivo, spanning contract review and redlining in Microsoft Word, an agentic drafting assistant and contract analytics.
• Market Focus: Sells to in-house legal departments at mid-market and enterprise technology companies across North America, Europe and Australasia, not to law firms.

What legal teams should know: Ivo fits teams whose bottleneck is reviewing inbound commercial agreements against a playbook, and it is deliberately narrower than full contract lifecycle management suites. It is a young company, so buyers should test multilingual accuracy, security posture and support coverage across time zones. Recent funding gives it several years of runway.