At a Glance
| Detail | Formality | Ironclad |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $6.2M | $331M |
| Rounds tracked | 1 | 5 |
| Latest round | Seed, $6.2M · Oct 2024 | Series E, $150M · Jan 2022 |
| Last valuation | Not disclosed | $3.2B |
| Lead investors | Partech, Serena | Franklin Templeton, BOND, Y Combinator Continuity, Accel |
| Built for | Not disclosed | In-house teams, Mid-size firms |
| Headquarters | France | United States |
Funding, Side by Side
Formality rounds
- Oct 2024Seed$6.2M
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, Formality or Ironclad?
- Ironclad has raised $331M in disclosed funding, compared with $6.2M for Formality.
- Do Formality and Ironclad share investors?
- No. None of the investors we track have backed both companies.
- 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.