Fenwick Represents Ironclad in $23 Million Series B Financing

Fenwick represented Ironclad, Inc., developer of a platform that combines contract management and workflow automation to create a true system of record for contracts, in its $23 million Series B financing led by Sequoia Capital. Existing investors Accel and Y Combinator also participated in the round.

With the new financing, Ironclad will build out its SaaS customer support function available to legal teams and hire a VP of Customer Success. The company also plans to introduce intelligence to its product by integrating machine learning and artificial intelligence into three transformative new features: AI contract intake of third-party paper, bulk legacy contract upload and automated contract insights. More information on Ironclad’s $23 million Series B financing can be obtained from the company announcement.

The Fenwick transaction team was led by corporate lawyers Steven Levine, Thomas Kang and Michael Ohta.