Today, contract review startup TermScout announced it has raised $5 million in a seed funding round co-led by venture capital firms NFX and Ground Up Ventures. Also participating in the round were Killer Whale Strategies, The Legal Tech Fund, Bridge Investments and Underdog Labs, among others.

TermScout’s software provides contract review that uses both AI and human inputs to answer specific questions regarding an agreement, then assigns the agreement a rating based on its favorability to each party.