H4, a London-based platform for the digital creation and analysis of documents, has raised about $27 million from J.P. Morgan, Goldman Sachs, Barclays and Linklaters, among others.

“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 CEO and co-founder Joe Seifert. With about 120 employees, the UK company will use the funding to “expand from our initial use cases and customers.”

Founded in 2015, H4 was the first company to join the J.P. Morgan’s In-Residence program, a kind of corporate venture accelerator to innovate in capital markets. Michael Elanjian, head of digital innovation at J.P. Morgan commented: “H4 has a strong relationship with J.P. Morgan and 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.”

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