Archives: News

SalesTech Star: Ontra Global Survey Reveals Significant Increase in Contracts Negotiated, Finds Outsourcing Extremely Effective

Law360: Outsourcing, Automation Key To Mitigate Contract Burnout

Routine contract work can be detrimental to workplace morale, according to the results of a new global survey by Ontra.

Artificial Lawyer: 64% Believe ‘Routine Contract Work’ Hurts Employee Morale

Private Equity Law Report: Gensler Outlines Private Fund Regulatory Agenda and Aggressive Areas of SEC Focus in Recent Speech

Silicon Valley Business Journal: The Funded

Blackstone Growth led the Series B funding of this provider of online legal services, formerly known as InCloudCounsel. Battery Ventures also participated.

Law360: InCloudCounsel Scores $200M Funding, Rebrands As Ontra

InCloudCounsel, raised $200 million in a Series B funding round on Wednesday, the largest-disclosed capital raise by a contract software company in 2021.

Private Equity Wire: InCloudCounsel Secured USD200m in Series B Funding from Blackstone Growth (BXG)

MarTechSeries: InCloudCounsel Announces $200 Million Series B Funding from Blackstone Growth (BXG), Rebrands as Ontra

Reuters: InCloudCounsel brings in $200 mln, rebrands with contracts focus

Legal technology company InCloudCounsel said on Wednesday it has raised $200 million in Series B funding and changed its name to reflect a focus on contract automation.

The round was led by funds managed by Blackstone Inc, through its growth equity business Blackstone Growth. Previous investor Battery Ventures and board member Mike Paulus, a former partner at Andreessen Horowitz, also participated.

The San Francisco-based company, which is rebranding as Ontra, markets to companies who want to streamline repetitive legal tasks using technology and a network of freelance lawyers.