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Read about Ontra and the latest trends in Contract Automation and Intelligence.
InCloudCounsel Announces $200 Million Series B Funding from Blackstone Growth (BXG), Rebrands as Ontra InCloudCounsel, the global leader in Contract Automation and Intelligence, today announced it received $200 million in Series B funding in a round led by funds managed by Blackstone, with participation from existing investor, Battery Ventures, and board member, Mike Paulus. Blackstone’s investment was made through Blackstone Growth (BXG), the firm’s growth equity business. Paul Morrissey, a Managing Director at Blackstone, has joined the company’s board of directors as part of the transaction. Past funding includes a $40 million Series A round from Battery Ventures in July of 2019.
In conjunction with its funding news, the company also announced it has rebranded to Ontra—a name derived from the company’s place at the heart of contracts. Ontra represents the company’s mission to make contracts more efficient and to free businesses and lawyers to focus on impactful, engaging work.
Learn moreNow, a startup called InCloudCounsel that is part RPA and part BPO — it has built tools to both automate and, in some cases, outsource this work — is announcing a Series B round of $200 million, money that it will be using to meet demand for its services.
Alongside this, the startup is rebranding to Ontra — signifying “getting to the heart of contracts”, according to the startup’s CEO and founder Troy Pospisil.
The round is being led by Blackstone Growth (the growth equity business of the investment giant), with previous backer Battery Ventures and board member Mike Paulus (who previously ran and sold Assurance IQ to Prudential, and before that was an investor with Andreessen Horowitz).
Learn moreLegal 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.
Learn moreContract automation has been one of the hottest areas for legal tech funding in 2021, but InCloudCounsel is looking to jump to the head of the pack with a substantial, nine-figure investment—and a name change to boot. The company announced today that it has received $200 million in a Series B funding round, led by Blackstone Growth. The round also includes participation from existing investor Battery Ventures, which led the company’s $40 million Series A round in 2019, as well as board member Mike Paulus.
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Blackstone Growth led the Series B funding of this provider of online legal services, formerly known as InCloudCounsel. Battery Ventures also participated.
Read MoreInCloudCounsel, raised $200 million in a Series B funding round on Wednesday, the largest-disclosed capital raise by a contract software company in 2021.
Read MoreInCloudCounsel, a specialist in Contract Automation and Intelligence, has secured USD200 million in Series B funding in a round led by funds managed by Blackstone, with participation from existing investor, Battery Ventures, and board member, Mike Paulus.
Read MoreA second round of funding and rebrand underscore legal tech company as the leading provider of Contract Automation and Intelligence.
Read MoreLegal 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.
Read MoreOntra, a provider of contract automation and intelligence solutions, has secured $200 million in Series B funding.
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InCloudCounsel, the global leader in Contract Automation and Intelligence, today announced it received $200 million in Series B funding in a round led by funds managed by Blackstone, with participation from existing investor, Battery Ventures, and board member, Mike Paulus. Blackstone’s investment was made through Blackstone Growth (BXG), the firm’s growth equity business. Paul Morrissey, a Managing Director at Blackstone, has joined the company’s board of directors as part of the transaction. Past funding includes a $40 million Series A round from Battery Ventures in July of 2019.
In conjunction with its funding news, the company also announced it has rebranded to Ontra—a name derived from the company’s place at the heart of contracts. Ontra represents the company’s mission to make contracts more efficient and to free businesses and lawyers to focus on impactful, engaging work.
Read MoreOntra, a tech-enabled services provider that modernizes legal processes and documents for many of the world’s leading companies, today announced the opening of its Singapore office, further expanding the company’s footprint in the Asia Pacific region.
Read MoreOntra, the leading technology and services provider of contract automation and intelligence for many of the world’s biggest and most innovative companies, today announced tremendous momentum as the company wrapped up its first quarter of 2021, highlighted by a large increase in recurring revenue and customer growth, key hires across the organization, and global expansion in the Asia Pacific region.
Read MoreOntra, the leading technology and services provider of contract automation and intelligence for many of the world’s biggest and most innovative companies, today announced the launch of Insight, the first purpose-built software solution that allows fund managers to organize and actively manage obligations to their investors across all of their funds in one centralized platform.
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