AXDRAFT
Latest round
- Seed
Last raised
- Mar 2019
Total raised
- $0.3M
Investors
- 2
About AXDRAFT
AXDRAFT, Inc.Founded in 2017 and headquartered in New York, US, AXDRAFT, Inc. focuses on contract lifecycle management solutions. The founders, Oleg Zaremba, Yuri Zaremba, and Yuriy Zaremba, previously founded other companies. The company has undergone a strategic pivot and was acquired by Onit, Inc. on December 17, 2020.ContractWorks, formerly known as AXDRAFT, specializes in contract lifecycle management (CLM) solutions aimed at enhancing the efficiency and effectiveness of legal document management for businesses. The core product offerings include a comprehensive platform that allows users to draft, negotiate, approve, sign, store, monitor, and report on contracts seamlessly. This all-in-one solution caters to various stages of contract management, enabling organizations to collaborate on legal documents and track the status and contents of every contract throughout its lifecycle. Targeted primarily at small to medium-sized enterprises (SMEs), the platform is designed to provide a modular approach, allowing users to start with essential features such as a secure contract repository before scaling up to more complex functionalities as their needs evolve.ContractWorks generates revenue primarily through subscription-based pricing models, where clients pay for access to its suite of CLM services. The typical transaction structure involves businesses subscribing to different tiers of service based on their specific contract management needs, with varying functionalities available in each tier. While specific pricing plans for individual services are not disclosed, clients are encouraged to start with foundational services like secure contract storage and gradually expand their subscriptions to include advanced features as required. This approach allows businesses to pay only for the services they utilize, promoting cost-effectiveness.AXDRAFT, Inc. aims to enhance its product offerings and expand its market presence. Specific upcoming products are in the design phase with the objective of launching enhancements to its existing platform. The company is looking to expand into new markets across Europe and Asia by 2023.11 mn will be utilized to support these initiatives, improving product features and supporting market entry strategies.
Who invested in AXDRAFT
2 investors across 2 rounds
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Questions about AXDRAFT
Who invested in AXDRAFT?
AXDRAFT has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AXDRAFT raised?
AXDRAFT has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did AXDRAFT last raise money?
AXDRAFT's most recent round on record is a Seed, in Mar 2019.
What does AXDRAFT do?
AXDRAFT is a software company.
Where is AXDRAFT headquartered?
AXDRAFT is headquartered in New York, US.
Which VCs invest in companies like AXDRAFT?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at AXDRAFT's stage. Their profiles are linked below.
VCs backing software startups at Seed
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