TLDR:
- DraftWise, a NYC-based AI-powered contract and negotiation platform for lawyers, raised $20M in Series A funding.
- The funding round was led by Index Ventures, with support from Y Combinator and Earlybird Digital East Ventures.
DraftWise, a provider of AI-powered contract and negotiation platform for lawyers based in NYC, has secured $20M in Series A funding. The funding round was led by Index Ventures, with additional support from existing investors Y Combinator and Earlybird Digital East Ventures. The company plans to use the funds to invest in engineering, product development, and customer expertise, as well as to expand its reach.
Led by CEO, DraftWise offers lawyers data-driven intelligence to enhance the entire contract workflow, from initial draft to final client approval. The platform is utilized by law firms in North America, Europe, and Australia to streamline contract and negotiation processes. Notable customers include well-known firms like Orrick, Gunderson Dettmer LLP, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP, among others. The company’s clientele includes firms ranked in the Vault 10, AM Law 100, Magic Circle, and Seven Sisters lists.
