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Market Tracked raises in 2026$3.41B+$183M this week Rounds76 LatestBlue J$176M Series E Tuesday, November 10
Legal Tech Circle
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Funding Tracker$3.41B in 2026 Join the Circle

Onit

Onit provides enterprise legal management software for matter management, legal spend and legal operations workflows.

Legal Ops & SpendFor In-houseUnited States

Data updated Nov 10, 2026 · From public announcements

Website
Total raised
$212M
across 3 tracked rounds
Latest round
Undisclosed
$200M · Jan 2019
First tracked
2012
Backers
5
Austin Ventures, K1 Investment Management

About Onit

In the company's own words, reviewed by The Circle Desk.

Onit provides legal workflow software for legal operations. The site says it helps teams manage matters, control spend and improve decision making.

Product Details

From public sources. Onit can confirm or correct these by claiming the profile.

Built for
In-house teams
AI
AI native
Key features
  • Legal spend management
  • E-billing and invoice review
  • Matter management
  • Outside counsel management
  • Budgeting and forecasting
  • Contract management
  • Workflow automation
  • Reporting and analytics
  • Collaboration with business teams
  • AI assistant
Founded
2009
Headquarters
US

Funding History

Every round we have tracked, newest first.

Open in the tracker
  1. Jan 11, 2019
    Undisclosed$200M

    Led by K1 Investment Management.

    Read the announcement
  2. Oct 27, 2016
    Growth$8.3M

    Led by Level Equity Management. With Austin Ventures, The Texas Halo Fund, angels.

    Read the announcement
  3. Jan 20, 2012
    $4.1M

    Led by Austin Ventures.

    Read the announcement

Quick Answers

What does Onit do?
Onit provides legal workflow software for legal operations. The site says it helps teams manage matters, control spend and improve decision making. Legal Tech Circle lists Onit under Legal Operations & Spend Management.
How much funding has Onit raised?
Onit has raised $212M in disclosed funding across 3 rounds tracked by Legal Tech Circle. The most recent was an Undisclosed of $200M in January 2019, led by K1 Investment Management.
Who are Onit's investors?
Onit is backed by K1 Investment Management, Level Equity Management, Austin Ventures, The Texas Halo Fund, and angels. K1 Investment Management, Level Equity Management, and Austin Ventures have led at least one round.
What are the alternatives to Onit?
Other Legal Ops & Spend companies Legal Tech Circle tracks include DiliTrust, Wordsmith, Brightflag, and Priori Legal. Compare them side by side on funding, investors and fit before you shortlist.
Does Onit use AI?
Yes. AI is at the core of the product.
Where is Onit based?
Onit is headquartered in US.

Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.