It’s cutting edge. It’s artificial intelligence-fueled. It’s innovative … and it’s now open — two years after its initial funding.
Contract lifecycle management company Malbek on Thursday celebrated the grand opening of its new headquarters in Princeton.
Osage Venture Partners initially funded Malbek in 2020 with $3 million. Then, in September 2021, Malbek received $15.3 million in its Series A funding round, led by Noro-Moseley Partners with participation from Osage and TDF Ventures.
Today, Malbek’s vision of offering next-generation contract management that delights the user and accelerates return on investment has come to fruition. In a very short period of time, the company has proven itself as a trusted contract management solution provider for large, international customers across multiple industries, more than tripling its customer signups and its team size in the last year, while continuing to attract and hire top talent.
The new office provides room for growth and demonstrates the company’s continued investment in innovation and strategic expansion as more enterprises turn to Malbek to meet their evolving CLM needs.
“We are thrilled to call Carnegie Center Princeton our new headquarters and begin this new chapter in our company’s history,” Matt Patel, co-founder and chief operating officer of Malbek, said. “Since our founding in 2017, we have focused on using cutting-edge technology to simplify contracts and the entire CLM user experience. This new office provides a hybrid model for our team to enjoy a vibrant and collaborative workspace so we can continue to find new ways to delight current and future customers.”
“We remain as impressed with the Malbek team as when we initially invested, and we congratulate them on the opening of their new headquarters,” Nate Lentz, managing partner of Osage Venture Partners, said. “This team is made up of talented people, building a great product and meeting an unmet need in the market. With that winning combination, we are confident in their continued success.”
Patel also credits support from the New Jersey Economic Development Authority with helping to fuel the company’s growth. Representatives from Malbek previously attended one of the NJEDA’s New Jersey Founders & Funders events, where they gained invaluable feedback during one-on-one discussions with seasoned investors. In its early days, the company participated in the NJEDA’s Technology Business Tax Certificate Transfer Program.