At a Glance
| Detail | Clause | Ironclad |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $5.5M | $331M |
| Rounds tracked | 1 | 5 |
| Latest round | Series A, $5.5M · Jun 2019 | Series E, $150M · Jan 2022 |
| Last valuation | Not disclosed | $3.2B |
| Lead investors | Galaxy Digital | Franklin Templeton, BOND, Y Combinator Continuity, Accel |
| Built for | Not disclosed | In-house teams, Mid-size firms |
| Headquarters | United States | United States |
Funding, Side by Side
Clause rounds
- Jun 2019Series A$5.5M
Ironclad rounds
- Jan 2022Series E$150M
- Jan 2021Series D$100M
- Sep 2019Series C$50M
- Jan 2019Series B$23M
- Aug 2017Series A$8M
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, Clause or Ironclad?
- Ironclad has raised $331M in disclosed funding, compared with $5.5M for Clause.
- Do Clause and Ironclad share investors?
- No. None of the investors we track have backed both companies.
- What is Clause best for?
- Cloud platform for building smart contracts connected to outside tools and data.
- What is Ironclad best for?
- Ironclad is contract lifecycle management software for creating, negotiating and analyzing contracts with AI.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.