Onit
Latest round
- Series C
Last raised
- Oct 2016
Total raised
- $12M
Investors
- 5
About Onit
Onit, Inc.Founded in 2011 in Atlanta, US, Onit, Inc. develops a legal operations platform designed to streamline various legal processes. The company was co-founded by Eric Elfman, who has a history of founding other firms, alongside Jean Yang, John Gilman, Rodrigo Herrera, Sayantan Ghosh, and Timothy Layer.Onit, Inc. specializes in providing an AI-native legal operations and workflow management platform known as Unity. This comprehensive solution unifies multiple legal processes, including enterprise legal management (ELM), contract lifecycle management (CLM), and vendor management, into a single system designed to streamline legal workflows. Unity enables organizations to manage their contracts, legal spend, and vendor relationships efficiently through secure document storage, automated expense validation, and customizable workflow applications built on a no-code interface.Onit, Inc. generates revenue through a subscription-based model for its Unity platform, partnering with enterprises across various industries. Clients engage Onit by subscribing to different tiers of service that provide access to comprehensive legal management features.Onit, Inc. It intends to launch new features within its Unity platform that will optimize legal workflows and expand its services to more industries. The company is also targeting growth in new geographic markets, with specific plans to enter Europe and Asia-Pacific by 2024.
Who invested in Onit
5 investors across 2 rounds
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Questions about Onit
Who invested in Onit?
Onit has 5 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 Onit raised?
Onit has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Onit last raise money?
Onit's most recent round on record is a Series C, in Oct 2016.
What does Onit do?
Onit is a software company.
Where is Onit headquartered?
Onit is headquartered in Atlanta, US.
Which VCs invest in companies like Onit?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Onit's stage. Their profiles are linked below.
VCs backing software startups at Series C
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