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§ Private Profile · Kyiv, Ukraine
SaaS contract lifecycle management software automating legal document drafting, negotiation, and approval for corporate legal teams.
AXDRAFT has raised $1.0M across 1 funding round.
Key people at AXDRAFT.
AXDRAFT was founded in 2017 by Yuriy Zaremba (Founder) and Oleg Zaremba (Founder).
AXDRAFT has raised $1.0M in total across 1 funding round.
AXDRAFT is a Houston, Texas-based legal technology company that provides document automation and contract lifecycle management software for corporate legal departments and law firms. Operating as an independent subsidiary with 34 employees, the platform utilizes proprietary algorithms to accelerate the drafting, negotiation, and approval of multilingual legal agreements. Backed by an initial $150,000 investment from accelerator Y Combinator, the enterprise SaaS provider serves multinational corporate clients including Sandoz, Louis Dreyfus Company, and Slack. The business scaled to $2 million in annual revenue before being acquired by enterprise workflow provider Onit in December 2020 for a high seven-figure valuation representing a 14.5x revenue multiple. Following the acquisition, the software was integrated into broader systems to offer full contract lifecycle management capabilities. AXDRAFT was originally founded in Kyiv, Ukraine, in 2017 by brothers Yuriy Zaremba and Oleg Zaremba.
AXDRAFT is a document automation platform designed to help corporations draft, negotiate, and approve legal documents up to 10 times faster. It serves corporate legal departments and businesses by automating routine contract creation and approval workflows, significantly reducing manual effort and errors. The platform supports fast, controlled collaboration with real-time editing, version tracking, and multilingual contract drafting, aiming to commoditize legal services and relieve lawyers from repetitive tasks. Since its founding, AXDRAFT has gained traction in the U.S. and global markets, serving clients such as Sandoz and Louis Dreyfus Company, and has been integrated into Onit's broader enterprise legal management ecosystem following its acquisition[1][2][4][6].
AXDRAFT was founded in 2017 by brothers Yuriy and Oleg Zaremba. Yuriy, a former lawyer, experienced firsthand the burden of routine legal tasks and envisioned a better way to automate document drafting. Partnering with his brother Oleg, a software engineer, they built AXDRAFT to streamline legal workflows and advance the commoditization of legal services. The startup gained early momentum by being accepted into Y Combinator in 2018 and raising $1.2 million from Silicon Valley investors in 2019. The company later relocated to Silicon Valley to scale in the U.S. market. A pivotal moment was its acquisition by Onit in 2020, which expanded AXDRAFT’s reach and integrated it with Onit’s AI-driven contract lifecycle management solutions[1][2][4].
AXDRAFT rides the growing trend of legal technology (LegalTech) focused on automating and digitizing contract lifecycle management. The timing is favorable due to increasing demand for efficiency in corporate legal departments, rising adoption of AI and no-code platforms, and the need for remote, collaborative workflows accelerated by global digital transformation. By automating routine legal drafting and integrating AI-driven review tools, AXDRAFT helps bridge the gap between legal expertise and business agility, influencing the broader ecosystem by setting new standards for speed, accuracy, and compliance in contract management[2][3][4].
Going forward, AXDRAFT is positioned to deepen its integration within Onit’s AI-powered legal automation suite, expanding its global customer base and enhancing multilingual and AI capabilities. Trends such as increased regulatory complexity, remote work, and the rise of self-service legal tools will shape its evolution. AXDRAFT’s influence is likely to grow as it continues to commoditize legal services, making contract drafting accessible and efficient for a wider range of businesses, while contributing to the broader shift toward intelligent, automated legal workflows[2][5]. This aligns with its founding mission to relieve lawyers from routine work and transform legal document creation into a streamlined, scalable process[1].
AXDRAFT was founded in 2017 by Yuriy Zaremba (Founder) and Oleg Zaremba (Founder).
AXDRAFT has raised $1.0M in total across 1 funding round.
AXDRAFT's investors include Altair Capital Management, Geek Ventures, Rembrandt Venture Partners, Scott Cunningham.
AXDRAFT has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in April 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2019 | $1M Seed | — | Altair Capital Management, Geek Ventures, Rembrandt Venture Partners, Scott Cunningham | Announced |
Key people at AXDRAFT.
