Total amount raised
$334 Millions
Latest funding date
Location
Title
Ironclad has successfully raised significant capital through multiple funding rounds, positioning itself as a key player in the contract management software industry. The platform leverages AI to streamline contract workflows, offering solutions tailored for various departments such as Legal, Sales, Procurement, and IT.
Keep reading to explore the intricacies of Ironclad's fundraising journey and the investors backing this innovative platform.
What Is Ironclad?
Ironclad, founded in 2014 by Jason Boehmig and Cai GoGwilt, is headquartered in San Francisco, California. The company specializes in AI-powered contract management software designed to streamline the entire contract lifecycle.
Ironclad's platform offers tools for drafting, editing, negotiation, search, storage, analytics, and e-signature, making it a comprehensive solution for both business and legal teams. The company has grown significantly, now employing over 200 people.
For more information, visit their official website.
How Much Funding Has Ironclad Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Ironclad's initial product.
- Seed Round
- Amount Raised: $3M
- Date: September 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and begin market testing.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and early customer acquisition.
- Series A
- Amount Raised: $8M
- Date: August 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and expand the product's capabilities.
- Series B
- Amount Raised: $23M
- Date: January 2019
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product features.
- Series C
- Amount Raised: $50M
- Date: September 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve platform scalability.
- Series D
- Amount Raised: $100M
- Date: December 2020
- Lead Investors: Bond
- Valuation at Round: $1 billion
- Motivation Behind the Round: To support growth and prepare for future scaling.
- Series E
- Amount Raised: $150M
- Date: January 2022
- Lead Investors: Franklin Templeton
- Valuation at Round: $3.2 billion
- Motivation Behind the Round: To fuel product innovation and scale the platform globally.
Total Amount Raised: $334M. Current Valuation: $3.2 billion.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment management firm known for its extensive portfolio and backing category-defining leaders.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: OneTrust, Gong.
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies across various sectors.
- Investment Focus Areas: Software, internet, consumer services.
- Notable Investments: Facebook, Dropbox, Slack.
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that has funded numerous successful technology companies.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Apple, Google, WhatsApp.
- Emergence
- Details: Emergence Capital focuses on early and growth-stage enterprise cloud companies, helping them scale effectively.
- Investment Focus Areas: Enterprise software, cloud computing, SaaS.
- Notable Investments: Salesforce, Zoom, Veeva Systems.
- BOND
- Details: BOND is a venture capital firm led by Mary Meeker, known for investing in high-growth technology companies.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Stripe, Canva.
What's Next for Ironclad?
Ironclad stands at the cusp of significant opportunities, poised to expand its digital contracting platform to connect business processes across organizations. With a $3.2 billion valuation and backing from major investors, the company is well-positioned to leverage AI and automation to streamline contract workflows, serving a broader range of industries and companies.
Future fundraising opportunities appear promising, with the potential for additional rounds to fuel product innovation and global scaling. However, challenges such as competition from established players and maintaining user-friendliness as the platform evolves could test Ironclad's resilience. The company's ability to adapt to the needs of remote organizations in a post-COVID world will be crucial for sustained growth.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Ironclad and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
