# Bodhala

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bodhala

- Industry: Software
- Headquarters: New York, US
- Website: www.bodhala.com
- Total disclosed funding: $10M
- Latest round: Series A (Apr 22, 2020)
- Investors on record: 1

## About

Bodhala Inc., based in the US, is a software-as-a-service (SaaS) company that specializes in providing innovative legal operations solutions to help organizations streamline their legal management processes.Founded in 2014 and headquartered in New York, Bodhala Inc. develops sophisticated software solutions for legal operations. The company was acquired by Onit, Inc. in September 2021, allowing it to function as an independent subsidiary. The founders, Brad Chick, Ketan Jhaveri, and Raj Goyle, have established a firm presence in the legal technology sector, with a focus on enhancing operational efficiencies for legal teams.Bodhala offers an integrated suite of AI-native legal operations solutions that streamline enterprise legal workflows, contract management, vendor coordination, and financial oversight. Their flagship product allows users to manage the entire lifecycle of contracts, from secure storage to electronic signatures, utilizing advanced machine learning models to improve decision-making. Bodhala's offerings cater to the legal teams across various sectors, including technology and pharmaceuticals, and serve over 3,000 clients globally.Bodhala generates revenue primarily through a subscription-based model, where clients pay for access to its complete legal operations software suite. The pricing structure accommodates various needs, facilitating B2B transactions for organizations requiring comprehensive legal management solutions. Clients benefit from enhanced visibility into legal expenditures and streamlined reporting, contributing to sustained revenue growth.Following its acquisition in September 2021, Bodhala aims to leverage the resources of Onit to enhance its product offerings and expand into new markets. The company is focusing on upcoming releases of advanced features within its existing software, with strategic plans for geographic expansion into Europe and Asia-Pacific by 2023. The recent funding of USD 10.00 mn from Edison Partners is set to support these initiatives, providing Bodhala with the financial backing necessary to enhance its technological capabilities and market reach.

## Funding rounds

- Series A, Apr 22, 2020, $10M — Edison Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series A