Draftwise

Overview

Key Features & Functions include:

Precedent-Driven Drafting
Draftwise uses a firm’s historical contract data, clauses, tags, and preferences to generate initial draft language and suggest language consistent with prior negotiated positions.

Integrated Document Intelligence
The platform performs deep research across internal document repositories, retrieving relevant clauses, definitions, and historical negotiation outcomes to inform drafting and revision.

Automated Playbook Creation
Draftwise automatically curates playbooks from existing precedent and firm guidance, helping ensure consistency and compliance with preferred positions without manual setup.

Contract Review & Redlining
AI-assisted review tools analyze documents against firm standards and past outcomes, suggesting edits and flagging potential issues based on guidelines and historical examples.

Negotiation Insights & Market Context
Users can compare terms against internal data and public market benchmarks (e.g., EDGAR filings) to benchmark positions and inform negotiation strategy.

Secure Integration
Draftwise integrates with document management systems (DMS) and legal workflows while maintaining security and privacy standards, including SOC 2 Type II and ISO 27001 compliance.

Funding Information:
Draftwise has raised a total of $28M in funding over 6 rounds. Their latest funding of $20M was raised in March 2024 from a Series A round. Draftwise is funded by 15 investors. Y Combinator and Formus Capital are the most recent investors.

Past funding rounds include:

Jun 2023 - $5,000,000 Seed from Earlybird Venture Capital and 2 other investors
May 2022 - Undisclosed amount of Non Equity Assistance from Lander & Rogers
Apr 2021 - $400,000 Seed
Sep 2020 - $2,400,000 Seed from Cem Garih and 2 other investors
Sep 2020 - Undiscolosed amount Pre-Seed from JAD Capital
Aug 2020 - $150,000 Pre-Seed from Y Combinator