Ontra's CEO Walks Through $200M Blackstone Investment, Future of Contract Tech

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When Ontra (formerly known as InCloudCounsel) revealed a new investment in late October, it was sure to raise some eyebrows. The formerly bootstrapped company raising a $200 million Series B investment round is interesting enough on its own, but the fact that the capital infusion came from an investment giant like Blackstone demonstrated both the growth of contract technology and its future potential in the investment market.

A few days after the dust had settled, Legaltech News sat down with Ontra founder and CEO Troy Pospisil to discuss how the investment occurred, what investors see in the contract tech market and whether (or not?) he feels competition with other contract tech companies receiving investment in the currently hot market.