Fundz

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

PRIVATEMar 14, 2024

Amount Raised

$20 Million

Round Type

Series A

New YorkSoftwareArtificial IntelligenceMachine Learning

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.

Quick answer

DraftWise raised $20 Million in a Series A round, dated March 14, 2024. Investors: Earlybird Digital East Ventures, Y Combinator and Index Ventures. DraftWise is based in New York, New York, United States.

How much did DraftWise raise?
DraftWise raised $20 Million in a Series A round on March 14, 2024.
Who invested in DraftWise?
Earlybird Digital East Ventures, Y Combinator and Index Ventures are named as investors in this round.
What does DraftWise do?
DraftWise helps firms produce higher quality contracts in less time by empowering every attorney with instant access to the firm’s collective knowledge.
Where is DraftWise based and how big is it?
DraftWise is based in New York, New York, United States.
Who are the decision-makers at DraftWise?
Fundz holds 1 contact at DraftWise. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as DraftWise that raised within 45 days of this round, from Fundz verified event records.

  • Nvidia raised $2.1M (Seed) on February 2, 2024.
  • Anon raised $6.5M (Seed) on April 24, 2024.
  • Parloa raised $66M (Series B) on April 24, 2024.
  • NeuBird raised $22M (Seed) on April 17, 2024.
  • Verses Technologies raised $6.8M on April 17, 2024.
  • Take2 AI raised $3M (Seed) on April 16, 2024.

Who to call at DraftWise, and when

A new round usually means DraftWise is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day DraftWise raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at DraftWise, from your own LinkedIn network

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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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment DraftWise raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

DraftWise raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.