At a Glance
| Detail | Draftwise | Ironclad |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $25M | $331M |
| Rounds tracked | 2 | 5 |
| Latest round | Series A, $20M · Mar 2024 | Series E, $150M · Jan 2022 |
| Last valuation | Not disclosed | $3.2B |
| Lead investors | Index Ventures, EarlyBird | 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
Draftwise rounds
- Mar 2024Series A$20M
- Jun 2023Seed$5M
Ironclad rounds
- Jan 2022Series E$150M
- Jan 2021Series D$100M
- Sep 2019Series C$50M
- Jan 2019Series B$23M
- Aug 2017Series A$8M
Backed by both: Y Combinator.
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, Draftwise or Ironclad?
- Ironclad has raised $331M in disclosed funding, compared with $25M for Draftwise.
- Do Draftwise and Ironclad share investors?
- Yes. Y Combinator backed both.
- What is Draftwise best for?
- DraftWise provides an AI contract and negotiation platform that assists law firms in procuring quality contracts.
- 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 11, 2026.