AXDRAFT CLM treats lawyers like family.
That’s how it all began.
We know the pain of lawyers firsthand.
After all, we also had to deal with endless piles of contracts and processes that are so inefficient and frustrating they make you think—how much more can you take?
Our story in the first year:
– Yuriy is the youngest Legal 500 lawyer from Ukraine, working in the real estate field at an international law firm 😎
– One day, he realizes that his unconditional love for legal profession has one condition—this exhausting contract routine has to go
– Starts AXDRAFT as a side project that uses patterns in contracts to make drafting easier
– Asks his brother Oleg for help with the technical aspect of the project
Our story in the second year:
– It turns out that more people need AXDRAFT than was initially expected
– Yuriy quits his job as a lawyer, because his side project now requires undivided attention
– Oleg is stretched (literally) between being the senior software developer at Booking.com in Amsterdam and a CTO at AXDRAFT in Kyiv
– In 15 months, AXDRAFT has 30 paying customers and its first full-time employees 🚀
Our story in the third year:
– After 3 application attempts, AXDRAFT is accepted into Y combinator and receives $150K from the US incubator
– 3 weeks after showing our first demo, we received $1.1M in the seed round
– AXDRAFT is valued at $10M 😲
– This was an award-winning year: ‘Best startup innovation’, ‘Best legal infrastructure’, and others.
Our story in the fourth year:
– Got a 100%+ increase in the amount of contracts drafted, compared to the previous year
– Moved into our first office that’s not a coworking space
– Proudly received a ‘Document management platform of the year’ award
– 34 major platform updates delivered during lockdown—PJs are good for both party and work!
– Ended the year with an acquisition by Onit and joined the big league 👑
Our story in the fifth year:
– Drafted a peak number of documents per month for AXDRAFT at that time 💪
– Launched QuickDocs, a self-service contract management solution for simple contracts
– Still growing the team—from 14 to 24 in less than a year!
– Partnered with OneNDA to popularize contract standardization and self-service automation
Shift your contract management into high gear