~JPY 1 billion from Shoko Chukin and 500 million from MUFG Bank~
LegalForce,Inc. (Head Office: Koto-ku, Tokyo; Representative Director: Nozomu Tsunoda, hereinafter LegalForce), a provider of AI-enabled contract review platform, “LegalForce,” and AI-enabled contract management suite, “LegalForce Cabinet,” is pleased to announce that the company has signed a loan agreement with The Shoko Chukin Bank, Ltd.(Head office: Chuo-ku, Tokyo; President: Masahiro Sekine; hereinafter, Shoko Chukin) for a total of 1 billion yen and with MUFG Bank, Ltd.(Head Office: Chiyoda-ku, Tokyo; Junichi Hanzawa, President and Chief Executive Officer; hereinafter”MUFG Bank”) for a total of 500 million yen.
Secured a total of 1.5 billion yen in bank loans.
LegalForce has recently signed a loan agreement for a total of 1.5 billion yen in total, 1 billion from Shoko Chukin and 500 million from MUFG Bank. The proceeds of the loans will be used to invest in sales and marketing, research and development, and recruitment.
We will continuously provide new services and more functions to further improve quality and efficiency of contract management.