Ironclad
Draft contracts and keep completed agreements in a searchable workspace.
Ironclad Funding History
Ironclad provides contract lifecycle management software for authoring, negotiating and storing business contracts.
Company Overview
Ironclad
Founded 2014 · San Francisco, California, US
Official WebsiteIronclad Funding Timeline
Series E
US$150 million · $3.2B valuation
Ironclad said it would use the financing to develop and scale its digital contracting platform.
Led by Franklin Templeton.
Source · prnewswire.com ↗Series D
US$100 million
Ironclad said the round would help it bring its digital contracting platform to more businesses, giving teams one place to manage contracts.
Led by BOND. Participation included Lux Capital, Accel, Sequoia Capital, Y Combinator Continuity, Emergence Capital.
Source · prnewswire.com ↗Series C
US$50 million
Ironclad was developing software to digitize contracting workflows for legal teams.
Led by Y Combinator Continuity. Participation included Sequoia Capital, Accel.
Source · prnewswire.com ↗Series B
US$23 million
Sequoia partner Jess Lee joined Ironclad’s board with the financing.
Led by Sequoia Capital. Participation included Accel, Y Combinator.
Source · globenewswire.com ↗Series A
US$8 million
Accel partner Steve Loughlin was set to join Ironclad’s board as the company expanded its corporate contract tools.
Led by Accel.
Source · fortune.com ↗
Ironclad Founding Team
Ironclad’s founding team paired experience in corporate law with software engineering. Its product applies that combination to the work of drafting, negotiating, and managing contracts. The founding team included Jason Boehmig.
- Cai GoGwilt — CTO. Previously a software engineer at Palantir.
Ironclad Products
Ironclad Company Development
Contract Work Moves into a Shared Workspace
Ironclad’s early push to digitize contracts grew into a shared process for drafting, negotiating and storing agreements. That changed the unit of work from an individual document to the sequence of approvals and handoffs that gets a contract signed.
Ironclad Competitive Landscape
Contract Operations and Legal Research
Ironclad organizes the approval and recordkeeping around an agreement. Harvey helps legal teams research and draft. Both can touch a contract, but procurement and legal operations teams choosing a system of record are solving a different problem from lawyers looking for analytical assistance.
