CLM Ironclad Bags $150m Series E Funding

Some late breaking news: CLM Ironclad has raised $150 million in Series E funding, bringing total investment to $333 million.

Franklin Templeton, a global investment management firm known for backing category-defining leaders like OneTrust and Gong, is leading the round. The round also includes previous investors like BOND, YC Continuity, Emergence, Lux, Haystack, Accel, and Sequoia Capital.

Ironclad will use the funding to fuel product innovation and scale its digital contracting platform.

Jason Boehmig, CEO and co-founder, said: ‘So far, we’ve focused on the core digital contracting experience: the standardized system for business-to-business contracts that connects people to systems and ultimately, data.’

‘This next phase of growth will be about expanding that experience into a platform that connects business contracting processes across the organisation.’