Documentation firm H4 snags $27m in funding from Goldman, JP Morgan, Barclays
Document creation and analysis firm H4 has secured $27 million from a consortium including banks JP Morgan, Goldman Sachs, and Barclays.
Founded in 2015 and is headquartered in London, H4 is a digital platform for the creation and analysis of documents, used in capital markets to underpin the exchange of financial instruments.
The firm claims that “a huge amount of time and resource goes into creating and understanding documentation,” a problem it is uniquely positioned to solve.
“The H4 team are solving the pain of using decades old technology for the contracts that lie at the heart of the financial and legal industries,” says Joe Seifert, CEO and co-founder.
“We just can’t accept that such important industries are still reliant on outdated tools when technology can unlock so much more, particularly during this time of remote work.”
The investments from the consortium, made earlier this year, has given members a minority stake in H4 and is being used to “fuel further growth of the platform.”
H4 was one of the first participants in JP Morgan’s 2016 In-Residence start-up programme. Michael Elanjian, head of digital innovation at the US bank, says the two firms have a “strong relationship.”
He adds: “We’re excited to see the momentum in digitizing documents and capturing data at the point of creation – this is a corner of the industry that is ripe for change.”