Ironclad

Ironclad — Funding & Company Data

Financial overview and investor data for Ironclad.

High confidence data Last verified 4 months ago

Founded

2014

Stage

Late stage

Total Raised

$334.2M

HQ

San Francisco, California

Team

501-1000

Model

sales-led

Analyst Take

Ironclad's funding history demonstrates a consistent and impressive trajectory, attracting premier venture capital at each stage. The progression from a seed round to a $150 million Series E highlights sustained investor confidence in the company's vision and execution in the competitive contract lifecycle management (CLM) space. The caliber of investors, including Sequoia, Accel, BOND, and Franklin Templeton, is a strong signal of the company's market leadership and potential. These are not just financial backers; they are experienced partners known for guiding category-defining companies.

The valuation jump to $3.2 billion in the Series E round, a more than threefold increase from its previous round, underscores the high growth expectations for the CLM market and Ironclad's position within it. The fact that the Series E was a 100% insider round further signals deep conviction from existing investors. This level of funding provides a substantial competitive advantage, enabling Ironclad to invest heavily in R&D, particularly in AI, and to scale its go-to-market functions globally. For a potential user, this financial strength translates to a lower risk of the platform becoming unsupported and a higher likelihood of continued innovation and feature enhancement.

Stability

Ironclad appears to be a very stable company. With over $334 million in total funding from elite investors and a recent valuation of $3.2 billion, it has a strong financial foundation and is likely to be a dominant player for the foreseeable future.

Growth

The company is on a strong growth trajectory. Its significant, successive funding rounds, rapidly increasing valuation, and reported revenue growth indicate aggressive expansion and successful market penetration in the enterprise software space.

For Buyers

For a potential buyer, Ironclad represents a stable, well-funded choice in the CLM market. The significant financial backing reduces the risk of the service disappearing and suggests a long-term commitment to product development and customer support.

Funding Timeline

Series E $150M January 2022

Investors: Franklin Templeton, BOND, YC Continuity, Emergence, Lux Capital, Haystack, Accel, Sequoia Capital

Valuation: $3.2B

Series D $100M January 2021

Investors: BOND, Lux Capital, Accel, Sequoia Capital, Y Combinator Continuity, Emergence Capital

Valuation: $950M

Series C $50M September 2019

Investors: Y Combinator Continuity, Emergence Capital, Accel, Sequoia Capital

Series B $23M January 2019

Investors: Sequoia Capital, Accel, Y Combinator

Series A $8M August 2017

Investors: Accel

Seed $3.2M January 2016

Investors: Formation 8, Greylock, SV Angel

Notable Investors

Franklin Templeton BOND Sequoia Capital Accel Y Combinator Emergence Capital Lux Capital

Sources

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