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DraftWise Announces $20 Million Investment in Series A Funding Round Led by Index Ventures

Mar 14, 2024•over 1 year ago

Amount Raised

$20 Million

Round Type

series a

New YorkMachine LearningArtificial IntelligenceSoftware

Investors

Earlybird Digital East VenturesY CombinatorIndex Ventures

Description

DraftWise, the generative AI-powered contract drafting platform, announced a $20 million series A funding round led by Index Ventures and with participation from existing investors Y Combinator and Earlybird Digital East Ventures. The investment will be used to expand DraftWise’s staffing and market presence.

Company Information

Company

DraftWise

Location

New York, New York, United States

About

DraftWise helps firms produce higher quality contracts in less time by empowering every attorney with instant access to the firm’s collective knowledge.

Company News

(5 articles)
Thu, 14 Mar 2024 07:00:00 GMT

Legal contracts company DraftWise raises $20 mln amid AI investment boom - Reuters

Thu, 13 Jun 2024 07:00:00 GMT

DraftWise Launches 'Markup,' Gen AI-Powered Contract Drafting, Review and Redlining Tool - Law.com

Tue, 11 Jun 2024 07:00:00 GMT

Startup LexIQ, An AI Copilot for Contracts Backed By Techstars and J.P. Morgan, Launches Waitlist Today - LawSites

Thu, 14 Mar 2024 07:00:00 GMT

DraftWise Announces $20 Million Investment, Plans to Expand Its Gen AI Contract Platform - Law.com

Wed, 28 Jun 2023 07:00:00 GMT

AI Startup DraftWise Raises $5M, With Help From Orrick Herrington & Sutcliffe - Law.com

FundzWatch™ Score

64
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech