Legal Tech DraftWise Raises $20 Million in New Funding Round

DraftWise, a legal technology company, said Thursday that it had raised $20 million in a Series A funding round led by Index Ventures.

The company said it would use the new funding to expand its AI-powered contract and negotiation platform for lawyers. It also received backing from existing investors Y Combinator and Earlybird Digital East Ventures, it said.

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• DraftWise said its clients can use the platform to “to access historical and institutional knowledge, such as decades of deal history, market trends, and client and counterparty-favored terms.”
• The New York City-based company was founded by two former Palantir employees, James ...