As of 2024, AXDRAFT is part of ContractWorks by Onit. AXDRAFT was founded in 2017, and was acquired by Onit in 2020. The solution's primary focus is on developing a user-friendly document automation and contract management platform to streamline the creation, negotiation, and execution of legal documents. AXDRAFT serves a diverse range of clients, including law firms, in-house legal departments, and businesses of various sizes, providing them with a comprehensive solution to optimize their legal document workflows and enhance overall efficiency. 

The technical capabilities of AXDRAFT encompass a range of document automation and contract management features that enable users to quickly generate legal documents using customizable templates and pre-defined clauses. AXDRAFT's newly released GPT-based Clause Creator feature lets you draft any type of legal clause within seconds. The platform's intuitive interface and conditional logic capabilities allow for the creation of complex documents with ease, reducing the likelihood of errors and saving valuable time. One of the key differentiators of AXDRAFT in comparison to competitor products is its commitment to providing a user-centric experience, emphasizing simplicity and adaptability for legal professionals with varying levels of technical expertise. Additionally, AXDRAFT supports collaboration and real-time editing, allowing multiple users to work on a document simultaneously and track changes, streamlining the negotiation and approval processes. 

Funding Information:
AXDRAFT has raised a total of $1.4M in funding over 4 rounds. Their latest funding was raised in April 2019 from a Seed round from FundersClub, Ihar Mahaniok and LIFT99.