Ironclad Lands $50 Million to Modernize Contracts

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Ironclad announced it has raised new venture funding to shape up one of the oldest and most binding of documents, the contract.

The funding is led by Y Combinator, with Accel, Emergence, and Sequoia Capital participating in this round.

With the $50 million raised in this Series C round, the total funding for Ironclad is $84 million.

“Y Combinator is unmatched at selecting leaders in emerging industries, and we’re honored they’ve chosen to partner with Ironclad on this next stage of global growth,” said Iason Boehmig, CEO of Ironclad, in a blog post. “We will be working together to transform one of the oldest, most important, but most stagnant business technologies in history—the contract.”

Ironclad also welcomes Ali Rowghani, CEO of Y Combinator Continuity and former CFO of Pixar and COO of Twitter, to its board.