Technology

Why Legal Startup Ironclad Raised $8M From Accel: Conversation With Jason Boehmig

Put to rest the idea that Silicon Valley doesn't invest in disruptive legal startups.

By  
on

Jason Boehmig

It might be time to put to rest the idea that Silicon Valley doesn’t invest in disruptive legal startups. That is but one takeaway from San Francisco based Ironclad’s announcement earlier this summer that they had raised an 8 million series A round led by Accel. Count this funding round as a win for lawyers-turned Y Combinator partners Jon and Carolynn Levy who seem to have the magic touch when it comes to investing in early stage legal startups; YC backed SimpleLegal and Casetext both announced new funding rounds earlier this year and I expect other YC companies to do the same before the close of 2017.

Ironclad, which launched just two years ago, has built a contract automation platform for legal departments that, not only saves the legal department time, it creates “smart contracts.” These smart contracts look like ordinary agreements on the outside, by they are layered with code that allows companies transparency into their contracts. I had a chance to spend time with the Ironclad team in Vegas earlier this year at the CLOC conference. They not only have a youthful vibe, but it’s interesting to see how many of them, like founder Jason Boehmig, are attorneys. How is Ironclad transforming legal departments? Follow my live conversation with Jason which kicks off today.

Zach Abramowitz is a former Biglaw associate and currently CEO and co-founder of ReplyAll. You can follow Zach on Twitter (@zachabramowitz) or reach him by email at zach@replyall.me.

Sponsored

CRM Banner

Topics

, , ,