Axdraft
Script error: No such module "Draft topics".
Script error: No such module "AfC topic".
| Private | |
| ISIN | 🆔 |
| Industry | Software |
| Founded 📆 | 2017 |
| Founder 👔 | Yuriy Zaremba, Oleg Zaremba |
Area served 🗺️ | |
| Members | |
Number of employees | |
| Parent | Onit |
| 🌐 Website | https://axdraft.com/ |
| 📇 Address | |
| 📞 telephone | |
AXDRAFT, An Onit Company (also known as AXDRAFT) is an American contract management software company that makes legal technology for lawyers, legal teams, and other specialists who are involved in contract management. AXDRAFT is a privately held company headquartered in Houston, Texas. In December 2020, it was acquired by Onit, Inc[1][2]. As of 2022, AXDRAFT has offices in Houston, New York, Frankfurt, Kyiv, and Lviv.
Among its core products, AXDRAFT offers a contract lifecycle management platform, a self-service documentation platform, and a free startup documentation service.
Since its founding, AXDRAFT has received numerous awards: Best Corporate-Startup Collaboration in 2020 from Ukraine Innovation Awards.[3], Document Management Platform of the Year in 2020 from LegalTech Breakthrough Awards[4], a Bronze Stevie in 2022 from The Stevie Awards[5], and a Gold Globee in 2022 from American Best in Business Awards[6]
History[edit]
AXDRAFT was founded in 2017 by Yuriy and Oleg Zaremba in Kyiv, Ukraine[7]. The impetus for starting the company came from Yuriy, who was a practicing real estate lawyer at the time.[8] Yuriy’s desire was to reduce routine contract work, so he reached out to his brother Oleg, who was a senior software developer at Booking at the time, for help with some of the technical aspects.[9]
Originally, AXDRAFT was a side project for the both of them, but as the company grew, it began to demand more of their attention.[10] Ultimately, the brothers left their jobs to focus further developing the company.[11]
Some of AXDRAFT's clients include British American Tobacco, Carlsberg, Glovo, Louis Dreyfus Company, Slack, Nestle, and OLX.[12]
In 2019, AXDRAFT was accepted to the Y Combinator accelerator program[13] and raised $1.1 million while reaching a valuation of $10M.[14]
In 2020, AXDRAFT began to experiment with using GPT-3 to translate documents and simplify legal language.[15] On December 17, 2020, Onit, Inc., a software company that provides enterprise workflow software, artificial intelligence platforms, and business process automation, announced that it had completed the acquisition of AXDRAFT.[16]
In 2021, AXDRAFT was listed as one of the year’s 22 best document management companies and startups.[17] AXDRAFT also partnered with OneNDA on contract standardization and self-service document automation.[18]
Software[edit]
AXDRAFT’s flagship product is AXDRAFT CLM, a contract lifecycle management platform that also provides document automation. The key features of AXDRAFT CLM include document drafting, redlining, legal review, e-signatures, clause libraries, centralized cloud storage, and automated notifications, as well as software integrations with Pipedrive CRM and Salesforce CRM.
AXDRAFT’s other products include:
- AXDRAFT Sign – e-signature service
- QuickDocs – self-service document platform that supports the drafting and signing of simple contracts
- Collaborative Editor – collaborative real-time editor
- Avodocs – document platform for startups
Awards[edit]
AXDRAFT has won the following awards:
| Award | Year | Sponsor |
|---|---|---|
| Best Corporate-Startup Collaboration | 2020 | Ukraine Innovation Awards |
| Document Management Platform of the Year | 2020 | LegalTech Breakthrough Awards |
| Bronze Stevie for Company of the Year - Computer Software - Small | 2022 | Stevie Awards |
| Gold Globee for Products, Services, and Solutions for Enterprises - Medium | 2022 | American Best in Business Awards |
References[edit]
- ↑ Merken, Sara; Merken, Sara (2021-09-01). "Onit acquires legal spend intelligence company Bodhala". Reuters. Retrieved 2022-11-17.
- ↑ Inc, Onit (2022-05-10). "Onit Expands Solutions for Automated Legal Workflows, Brings Recent Acquisitions Deeper Into Portfolio to Help Legal Departments Drive Growth And Efficiency Across Their Businesses". GlobeNewswire News Room. Retrieved 2022-11-17.
- ↑ "Results of Ukraine Innovation Awards 2020". 482.solutions (in русский). 2020-07-08. Retrieved 2022-09-26.
- ↑ "2020 Winners". LegalTech Breakthrough. Retrieved 2022-09-26.
- ↑ "Company / Organization Awards Winners | Stevie Awards". stevieawards.com. Retrieved 2022-09-26.
- ↑ "Winners | American Business". Globee® Business Awards. Retrieved 2022-09-26.
- ↑ "Founder Stories: Yuriy Zaremba, AXDRAFT". LIFT99. Retrieved 2022-09-26.
- ↑ "История одного стартапа. Подготовка юридических документов за 5 минут с AxDraft". kievvlast.com.ua (in українська). Retrieved 2022-11-17.
- ↑ "Axdraft: как украинский стартап облегчает работу юристам — Delo.ua". delo.ua (in русский). Retrieved 2022-11-17.
- ↑ "Вместо тысячи юристов. Как украинский стартап покорил западные рынки и вырос на 200% во время войны". Экономическая правда (in русский). Retrieved 2022-11-17.
- ↑ "All in, нижча зарплата та Y Combinator. Співзасновник AXDRAFT про свій шлях від юриста до підприємця". Vector (in українська). 2022-10-27. Retrieved 2022-11-17.
- ↑ "Коротко и ясно: Укрепление гривни, новые инвесторы и хранилище ядерных отходов". biz.nv.ua (in русский). Retrieved 2022-11-17.
- ↑ "AXDRAFT: AXDRAFT helps corporations draft, negotiate and approve documents 10x…". Y Combinator. Retrieved 2021-11-23.
- ↑ "Ukrainian AxDraft attracts $1.1mln in investments valued at $10mln". AIN.UA. 2019-04-19. Retrieved 2021-11-23.
- ↑ artificiallawyer (2020-10-13). "Axdraft Doc Automation + CLM Platform Taps GPT-3". Artificial Lawyer. Retrieved 2022-09-26.
- ↑ "Onit Continues Buying Spree With Acquisition of Document Automation Provider AXDRAFT". Legaltech News. Retrieved 2022-01-12.
- ↑ Smith, Mark (2021-06-18). "22 Top San Francisco Document Management Companies and Startups of 2021". BestStartup.us. Retrieved 2022-09-26.
- ↑ artificiallawyer (2021-12-03). "oneNDA Partners With Onit's AXDRAFT". Artificial Lawyer. Retrieved 2022-09-26.
This article "Axdraft" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Axdraft. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
