Led · Series E · Jan 2022

Ironclad provides a contract lifecycle management platform that enables companies to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into operational business intelligence. The platform is flexible to handle every type of contract workflow, whether a sales agreement, an HR agreement or a complex NDA. Customers include L’Oréal, Staples, Mastercard and other innovators. The company intends to use new funding to accelerate product innovation and scale its digital contracting platform. Founded in 2014, Ironclad is led by CEO Jason Boehmig, COO Leyla Seka and CFO Helen Wang. Ironclad offers a digital contracting platform that streamlines contract workflows and automates repetitive document-handling tasks for legal teams. Its consumer-grade interface allows nontechnical users to create workflows, customize contract fields, designate approvers and centralize finalized agreements. The platform also supports advanced automation for complex deals, including dynamically adjusting required approvers based on input signatories. Customers named in the article include Dropbox, Reddit, Canva, L'Oréal, Mastercard and the Texas Rangers. The company was founded in 2014 and has raised multiple funding rounds to date; press reports say the latest round is intended to give Ironclad more power to compete with DocuSign. The article indicates some valuation uncertainty around the new round, with reports ranging near $950 million to about $1 billion. Ironclad provides a digital contracting platform for managing the contract lifecycle and collaborating on legal documents. Its core product includes tagging, approval flows and other lifecycle tools, and it recently launched Workflow Designer to let teams create custom workflows driven by document contents. Workflow Designer enables conditional steps (for example adding clauses or approval paths for contracts above a certain value) and the company says it accelerates contracting time by 85% for customers. Ironclad plans to use the new funding to expand into new geographies and further develop its product. The company was part of Y Combinator’s Summer 2015 class and has raised $83 million in total funding to date, according to Crunchbase. Ironclad provides a contract management platform that automates contracting processes and extracts intelligence from contracts to allow legal teams to focus on legal work rather than paperwork. The company was co‑founded by Jason Boehmig (CEO) and Cai GoGwilt (CTO). Its solution is used by legal teams at companies including Dropbox, HotelTonight, Glassdoor and Procore. Ironclad plans to accelerate product development in AI areas such as smart contract intake and automated legal insights. The company also intends to accelerate expansion to meet demand from legal teams around the world. Financially, Ironclad raised $23M in a Series B, bringing total funding to date to $34M. Ironclad provides a SaaS platform that converts contracts into templates and extracts key terms and entities, effectively turning "contracts into code." The product lets non‑legal users — marketers, salespeople, HR and operations — start, track and complete contracts through standardized templates. It offers searchable, taggable contract management so agreements can be handled like other business data. The platform identifies key terms and entities to streamline contract workflows and management. Ironclad says it powers contract workflows at hundreds of companies, including Gusto, HotelTonight, GoFundMe, Glassdoor and Procore. Leadership includes CEO and co‑founder Jason Boehmig and co‑founder and CTO Cai GoGwilt.