Lexion
Lexion is contract management software that helps legal and operations teams run contract workflows for sales, procurement and HR.
Updraft
Updraft develops legal document automation and contract lifecycle management software with questionnaire-based drafting, workflow automation, approvals, e-signature, reporting, and deadline tracking.
Lexion vs Updraft
At a Glance
| Detail | Lexion | Updraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $35.2M | Not disclosed |
| Rounds tracked | 3 | Not disclosed |
| Latest round | Series B, $20M · Apr 2023 | Not disclosed |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Point72 Ventures, Khosla Ventures, Madrona Venture Group, Wilson Sonsini | Not disclosed |
| Built for | In-house teams, Mid-size firms | Not disclosed |
| Headquarters | United States | Not disclosed |
Funding, Side by Side
Lexion rounds
- Apr 2023Series B$20M
- Jun 2021Series A$11M
- Jul 2019Seed$4.2M
Updraft rounds
No public rounds tracked yet.
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, Lexion or Updraft?
- Lexion has raised $35.2M in disclosed funding, compared with no disclosed amount for Updraft.
- What is Lexion best for?
- Lexion is contract management software that helps legal and operations teams run contract workflows for sales, procurement and HR.
- What is Updraft best for?
- Updraft develops legal document automation and contract lifecycle management software with questionnaire-based drafting, workflow automation, approvals, e-signature, reporting, and deadline tracking.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.