Goodwin Advises Fragment Data Technologies on its $56 Million Series A Financing

The Technology team advised Fragment Data Technologies, Inc. (“Fragment”) on its $56 million Series A financing from investors including 8VC, General Catalyst, and A*. Fragment will use the funding to continue developing the Autonomous Context Engine, expand across source-to-pay, and bring Fragment to more of the world’s largest enterprises.

Fragment is an enterprise AI company built to carry out the complex procurement work that keeps large manufacturers, distributors, and energy businesses supplied and operating. Starting with direct procurement, its Autonomous Context Engine connects company data, policies, and institutional knowledge so agents can investigate purchasing and payment exceptions and execute authorized resolutions across existing systems. Fragment reduces the manual burden on procurement teams and helps businesses increase operating capacity without a proportional increase in administrative work.

The Goodwin team was led by John Casnocha, Sandy de Sauvage, Kate Souza, and Jared Gheen.

For more information on the deal, please read the press release.