At a Glance
| Detail | Formality | Lexion |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $6.2M | $35.2M |
| Rounds tracked | 1 | 3 |
| Latest round | Seed, $6.2M · Oct 2024 | Series B, $20M · Apr 2023 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Partech, Serena | Point72 Ventures, Khosla Ventures, Madrona Venture Group, Wilson Sonsini |
| Built for | Not disclosed | In-house teams, Mid-size firms |
| Headquarters | France | United States |
Funding, Side by Side
Formality rounds
- Oct 2024Seed$6.2M
Lexion rounds
- Apr 2023Series B$20M
- Jun 2021Series A$11M
- Jul 2019Seed$4.2M
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, Formality or Lexion?
- Lexion has raised $35.2M in disclosed funding, compared with $6.2M for Formality.
- Do Formality and Lexion share investors?
- No. None of the investors we track have backed both companies.
- What is Lexion best for?
- Lexion is contract management software that helps legal and operations teams run contract workflows for sales, procurement and HR.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.