Ironclad secures $150 million to strengthen its contract lifecycle management platform
Ironclad, a digital contracting platform, announced it has raised $150 million in Series E financing, enabling the company to fuel product innovation and scale its digital contracting platform.
Franklin Templeton, a global investment management firm known for backing category-defining leaders like OneTrust and Gong, is leading the round. The 100% insider round also includes previous investors like BOND, YC Continuity, Emergence, Lux, Haystack, Accel, and Sequoia Capital. This latest funding round brings the company’s total investment to $333 million.
Unlike other contract lifecycle management solutions, Ironclad was built on modern software design principles and is walk-up usable without training, easy to implement, and collaborative, according to the vendor. Its solution offers a completely self-service workflow designer and 100% DOCX-native, browser-based editor.
Founded in 2014, Ironclad is the preferred contracting solution for innovators ranging from Fortune 500 companies, like L'Oréal and Mastercard, to industry vanguards like Texas Rangers Baseball Club and Snap.
These companies use Ironclad to turn contracts from business blockers to accelerators, and to unlock the data trapped inside contracts into operational insights that power the entire business.
"So far, we've focused on the core digital contracting experience: the standardized system for business-to-business contracts that connects people to systems and ultimately, data," said Jason Boehmig, CEO and co-founder. "This next phase of growth will be about expanding that experience into a platform that connects business contracting processes across the organization."
For more information about this news, visit www.ironcladapp.com.