# Ironclad funding: rounds and investors

> Ironclad has raised $181M across 3 rounds since 2017. Investors include Sequoia Capital, Accel and Y Combinator. Every round with its source.

Source: https://millionrounds.com/company/ironclad (Millionrounds; every figure on the page links to its filing or article)

United States · [Series E startup](https://millionrounds.com/companies)

# Who invested in *Ironclad*

3 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Legaltech

Valuation: $3.2B, Mar 2026 Y Combinator: S15

Funding summary Updated 26 Oct 2026

**$181M** raised across 3 rounds since 2017, from 3 sources

**$8.0M** Series A **$23M** Series B **$150M** Series E

- **Latest round:** Series E, $150M Jan 2022
- **Step-up i:** 6.5×
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019 2020 2021 2022

**$8.0M** Series A

**$23M** Series B

**$150M** Series E

- **First round:** Series A, $8.0M
- **Biggest round:** $150M
- **Usual gap between rounds:** 2.9 years

## The rounds

- **Jan 2022** Series E **$150M** *3 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Accel](https://millionrounds.com/fund/accel) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Emergence Capital](https://millionrounds.com/fund/emergence-capital) Source recorded
- **Jan 2019** Series B **$23M** *1 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Reported by Blog SEC filing: $23M sold, first sale Sept 2018
- **Aug 2017** Series A **$8.0M** *1 new* [Accel](https://millionrounds.com/fund/accel) Reported by FinSMEs

## Founders and team

From Ironclad's own website and the SEC filings it signed: 11 on the team.

- **Dan Springer** Chief Executive Officer
- **David Simon** Senior Vice President, Americas
- **Eduardo Crespo** General Manager and Senior Vice President, EMEA
- **Dimitry Dukhovny** Chief Information Security Officer
- **Elise Bergeron** Chief Marketing and Strategy Officer
- **Helen Wang** Chief Financial Officer
- **Herman Man** Chief Product Officer
- **Mike Jordan** Chief People Officer
- **Sunita Verma** Chief Technology Officer
- **Jasmine Singh** General Counsel
- **Jason Boehmig** Executive Officer, Director i

On the board, as filed i *Cai GoGwilt* *Jess Lee* *Steve Loughlin*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2017 **Series B** 2019 **Series E** 2022 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Accel](https://millionrounds.com/fund/accel) [Y Combinator](https://millionrounds.com/fund/y-combinator) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Emergence Capital](https://millionrounds.com/fund/emergence-capital)

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **2** rounds

[Accel](https://millionrounds.com/fund/accel) VC firm **2** rounds

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round

[Emergence Capital](https://millionrounds.com/fund/emergence-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ironclad).

## Also claim to have backed them

These 8 firms list Ironclad as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Mercury Fund](https://millionrounds.com/fund/mercury-fund) VC firm Per its own site

[Webb Investment Network](https://millionrounds.com/fund/webb-investment-network) Family office Per its own site

[Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-2) Angel network Per its own site

[Peak State Ventures](https://millionrounds.com/fund/peak-state-ventures) VC firm Per its own site

[Locus Ventures](https://millionrounds.com/fund/locus-ventures) VC firm Per its own site

[One Planet VC](https://millionrounds.com/fund/one-planet-vc) VC firm Per its own site

[One Planet Group](https://millionrounds.com/fund/one-planet-group) Angel network Per its own site

[Urban Capital Network](https://millionrounds.com/fund/urban-capital-network) VC firm Per its own site

## Quick answers about Ironclad

### Who invested in Ironclad?

Ironclad's investors include Sequoia Capital, Accel, Y Combinator, Franklin Templeton and Emergence Capital.

### How much has Ironclad raised?

Ironclad has raised $181M across 3 rounds since 2017.

### When did Ironclad last raise?

Ironclad's most recent round was a Series E of $150M in Jan 2022.

### What was Ironclad's biggest round?

Its most recent round, $150M in Jan 2022, is also its largest on record.

### Who backed Ironclad first?

Ironclad's first round on record, in Aug 2017, was backed by Accel.

### What stage is Ironclad at?

Ironclad's latest named round is a Series E, in Jan 2022.

### Where is Ironclad based?

Ironclad is based in the United States.

## Companies like Ironclad

In the same sector, and raised in the last eighteen months.

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