Ironclad Announces $150M Series E Round to Fund Scaling Ambitions
Ironclad noted that the new funds will fuel its aim to become a platform that connects an organization's entire contract processes.
January 18, 2022 at 02:12 PM
3 minute read
Contract life cycle management platform Ironclad is kicking off 2022 with extra capital in its coffers. The company today announced that it raised $150 million in a Series E funding round led by investment management firm Franklin Templeton.
In addition to Franklin Templeton, previous Ironclad investors BOND, YC Continuity, Emergence, Lux, Haystack, Accel and Sequoia Capital also participated in the round. Lead investor Franklin Templeton is also no stranger to the legal tech market, having previously participated in LegalZoom.com Inc.'s 2018 record-setting $500 million investment round.
To date, San Francisco-based Ironclad said it has raised over $300 million total in outside investment. Launched in 2014, Ironclad initially secured $120,000 and a spot in Y Combinator's tech accelerator startup program in 2016. Later, the Y Combinator's investment fund YC Continuity participated in Ironclad's $50 million Series C funding round announced in September 2019 and the company's $100 million Series D funding round in January 2021.
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