October 27th, 2021
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.