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New Deal


Announced

Completed

Index Ventures led a $20m Series A funding round in DraftWise.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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negotiation platform

Acquisition

Private Equity

Completed

Friendly

Single Bidder

United States

artificial intelligence

Online and Social Platforms

Minority

Private

Cross Border

Venture Capital

Synopsis

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Index Ventures, a venture capital firm, led a $20m Series A funding round in DraftWise, an AI-powered contract and negotiation platform for lawyers, with participation from Y Combinator and Earlybird Digital East. “Contracts are the lifeblood of the legal profession, yet their potential has been constrained by the risk of human error and limited access to data at the time of drafting. Our technology not only streamlines these processes, but it arms the lawyer with their firm's best language and institutional data, elevating the quality of work product and allowing lawyers to focus on what they do best - advocating for their clients," James Ding, DraftWise Co-Founder. ‍

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