$20 million in Series A funding was raised by DraftWise, an AI-powered contract and negotiating platform provider for lawyers located in New York City.
Index Ventures led the round, with help from Earlybird Digital East Ventures and Y Combinator, two previous investors.
The company plans to utilize the money to support strategic growth investments meant to broaden its reach, as well as ongoing investments in technical, product, and customer expertise.
headed by the CEO With the use of data-driven insight from DraftWise, attorneys may enhance the entire contract workflow, from the initial draft to the client win.
Law firms in Australia, Europe, and North America use the platform to improve the quality of contracts and negotiation procedures. Orrick, Gunderson Dettmer LLP, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, Mishcon de Reya LLP, and other Vault 10, AM Law 100, Magic Circle, and Seven Sisters ranked firms are among the companies that serve as customers. These companies are located in North America, Europe, and Australia.
Concerning DraftWise
DraftWise is using artificial intelligence (AI) to revolutionize the legal sector. DraftWise provides lawyers with data-driven intelligence using AI-powered drafting and negotiating software, significantly enhancing the entire contract workflow from first draft to client victory.
Leading law firms in North America, Europe, and Australia, such as Orrick, Gunderson Dettmer LLP, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP, as well as other Vault 10, AM Law 100, Magic Circle, and Seven Sisters ranked firms, are among DraftWise’s clients. The global team is headquartered in New York City.
