H4, the digital platform for the creation and analysis of documents has announced that it has received investments of approximately $27 million from a consortium including J.P. Morgan, Goldman Sachs, Barclays and Linklaters.
H4 is headquartered in London with approximately 120 employees. In capital markets, the technology has already been used successfully on transactions involving four of the world’s leading banks and fourteen of the world’s leading law firms to raise billions of dollars in the US and European high yield bond markets.
Joe Seifert, CEO & Co-founder of H4 said, “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.
“We just can’t accept that such important industries are still reliant on outdated tools when technology can unlock so much more, particularly during this time of remote work.”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 series of investments, completed earlier this year, provides these institutional investors collectively with a minority stake in H4 and will help to fuel further growth of the platform/
H4 was the first company to join the J.P. Morgan’s In-Residence Program. Michael Elanjian, Head of Digital Innovation at J.P. Morgan remarked, “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.”
“The need for meaningful solutions in the digital document space across financial services is immense,” added Sarah Shenton, a Growth Equity Investor at Goldman Sachs.
“H4 is very well positioned to be at the forefront of delivering solutions with significant impact to both our firm and the industry.”
Dan Packham, a Director at Barclays Ventures, discussed the usability of the platform: “H4 not only streamlines existing process but adds a valuable resource for curating documents and is transforming the way we work.
“We are pleased to be working more closely with H4 as they enter a new and exciting growth period.”