Spotlight on Ontra, a developer of an online legal management platform intended to automate and enhance high-volume legal processes easily.
Spotlight on: Ontra
HQ: San Francisco, CA
No. of Employees: 223
Growth Rate: 7.05%
Institutional Investors:
- Blackstone
- Battery Ventures
Twitter: @ontra_ai
URL: ontra.ai/
Total Raised to Date $240M
Description:
Developer of an online legal management platform intended to automate and enhance high-volume legal processes easily. The company's platform combines corporate attorneys with cloud-based software to offer a scalable, end-to-end service for negotiating and managing routine legal work, enabling clients to effectively free up resources, improve quality of output, and achieve substantial cost savings.
Most Recent Financing Status (as of 28-Oct-2021)
The company raised $200 million of Series B venture funding in a deal led by The Blackstone Group on October 27, 2021. Battery Ventures and Michael Paulus also participated in the round. The funds will be used to focus on leading an emerging category in legal technology: Contract Automation and Intelligence as well as to support its efforts with automation - pairing artificial intelligence with its lawyer network for high-volume contracts - and intelligence, delving into the contracts to gain actionable data and insights.
To learn more about Ontra, go to ontra.ai/.
To nominate a startup to be featured, email Kristin Calve, Editor & Publisher, CCBJ, [email protected] and [email protected].
Source: Pitchbook, Feb 2022
Published March 8, 2022.
