US-founded transaction management platform DealCloser will today (12 November) showcase an exclusive preview of DealCloser Intelligence—a suite of AI-powered tools that will help firms to analyse and improve deal performance and show what’s market. The big unveil comes at the Thomson Reuters Synergy conference in Orlando, which this year will focus on helping customers to better use Gen AI tools to transform their role or law firm.
DealCloser captures transaction metadata such as deal type, size, managers and collaborators, document creation-to-execution timelines (with version tracking), and opposing counsel edits. DealCloser Intelligence is able to summarise the key details across a transaction; report on opposing counsel activities during negotiations (including proposed and accepted changes); compare earn-out clause language to similar past deals; and initiate new deals with a closing checklist modeled on similar, prior deals.
Users can also compare projects against their own private deals managed in DealCloser, and we’re told that future third-party integrations will provide insights from public deal data.
In terms of what’s market, users can visualize and analyze data from within DealCloser Intelligence, which we’re told is compatible with a wide range of large language models (LLMs).
Jag Dhariwal, CEO of DealCloser, said: “With DealCloser Intelligence, we’re empowering legal professionals to research, draft, analyze, and manage entire transactions—all from one platform. It’s a transformative step forward in streamlining legal workflows, and we’re only getting started.”
With US mergers and acquisitions activity expected to surge over the next year DealCloser says that its newest offering will help customers to meet this demand as well as the demand among legal operations head for greater efficiency.
DealCloser is majority-owned by Bryce Catalyst, which first invested $1.75m in the 2017-founded company in 2021. Dhariwal joined in November 2022 as an advisor and in June 2023 DealCloser announced a further $2.5m funding round led by Bryce Catalyst, with participation from early and growth stage US investor Fernwood Holdings. In September 2023 Dhariwal took over as CEO from founder Amir Reshef, who left the business towards the end of that year. The company announced a partnership with Thomson Reuters HighQ in October 2023.
For more information on DealCloser Intelligence, visit dealcloser.com.