Ironclad Looks to Expand Following $8 Million Series A Round
The low-flying contract management platform is hoping to generate a bigger foothold in corporate legal departments.
August 04, 2017 at 01:38 PM
9 minute read
Some might say that the contract management space is becoming a crowded arena in legal technology. But Jason Boehmig, co-founder of the Silicon Valley-based startup Ironclad, doesn't really think so.
“It's crowded and it's not crowded at the same time,” he said, noting that his company's technology stands apart because of its uniquely “Silicon Valley” approach – strong tech talent, quick development times, and collaborations with other tech field leaders.
Some investors seem to agree. Ironclad emerged from relative “stealth mode” earlier this year, and this week completed an $8 million Series A funding round led by venture capital firm Accel. A former attorney at Fenwick & West, Boehmig said that while Ironclad has built some strong inroads within other Bay Area companies like GoFundMe, Gusto and HotelTonight, the funding will help the contract startup widen its reach.
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