Ontra

TL;DR

AI-enabled technology platform that automates contracts, streamlines workflows, and surfaces insights for private markets firms
Reduces legal costs by up to 80% while accelerating contract turnaround times
Trusted by 800+ global investment firms including Blackstone, Warburg Pincus, and AllianceBernstein
Purpose-built for private equity, fund managers, and investment banks' legal and compliance teams

What is Ontra

Ontra is an AI-powered legal technology platform specifically designed for private markets firms. It automates routine legal contracts, streamlines compliance workflows, and provides data-driven insights to help investment firms reduce costs, mitigate risks, and accelerate deal velocity. As a comprehensive private markets technology platform, Ontra combines artificial intelligence, machine learning models trained on over 1.5 million contracts, and a global network of 600+ legal professionals to transform how private equity firms, fund managers, and investment banks handle their legal and compliance operations.

Key Features

Contract Automation: Automates the negotiation, execution, and reporting of routine legal contracts like NDAs, engagement letters, and side letters. The AI-powered platform reduces turnaround time by up to 80% while maintaining high-quality standards.
Synapse AI Engine: Purpose-built AI technology designed specifically for private markets contracts and workflows. The engine leverages historical context from 1.5M+ private market contracts to deliver highly accurate, customer-specific results.
Insight Platform: Simplifies fundraising and compliance management by creating a single source of truth for all obligations. Enables teams to track side letter provisions, run digital MFN election processes, and prepare for SEC examinations.
Atlas Entity Management: Modernizes entity management with automated structure charts and centralized data. Streamlines the creation and maintenance of organizational charts while improving cross-team collaboration.
Global Legal Network: Access to 600+ vetted legal professionals who specialize in private markets. Provides human expertise alongside AI automation to ensure accuracy and quality in contract negotiations.
Data-Powered Negotiations: Leverages historical contract data to benchmark incoming contracts against precedents. Enables teams to negotiate from a position of strength with data-driven insights from similar past agreements.

Who is Ontra for?

General Counsels & Legal Teams: In-house legal departments at private equity firms seeking to automate high-volume contract work and focus on strategic initiatives
Chief Compliance Officers & Compliance Teams: Compliance professionals who need to manage side letter obligations, prepare for SEC examinations, and maintain regulatory compliance
CFOs & Finance Teams: Finance leaders looking to reduce legal costs, increase transparency in fundraising processes, and improve cross-functional collaboration
Private Equity Firms: Investment firms processing high volumes of NDAs, side letters, and routine contracts during deal flow
Fund Managers: Alternative asset managers needing to streamline fundraising, manage investor obligations, and maintain compliance
Investment Banks: Financial institutions requiring efficient contract processing and entity management capabilities

Key Use Cases & Applications

Accelerating NDA Processing: Automate the review, negotiation, and execution of non-disclosure agreements during deal sourcing, reducing turnaround from days to hours
Managing Side Letter Obligations: Track and comply with complex investor commitments across multiple funds, ensuring no obligations are missed during reporting periods
Digital MFN Election Process: Run most favored nation elections digitally, streamlining communication with limited partners and ensuring compliance
SEC Examination Preparation: Quickly compile and provide comprehensive lists of side letter provisions and compliance documentation when requested by regulators
Entity Structure Management: Maintain up-to-date organizational charts and entity information across complex fund structures for reporting and compliance
Fundraising Acceleration: Expedite the fundraising process by automating routine legal documentation and providing transparency into obligation tracking

Pros

Reduces contract turnaround time by up to 80%, significantly accelerating deal velocity
96% customer retention rate demonstrates proven value and satisfaction among users
Industry-leading data privacy with SOC 2 Type 2 and ISO 27001:2022 certifications
Purpose-built for private markets with AI trained on 1.5M+ specific contract types
Combines AI automation with human expertise through global legal network
Creates single source of truth for obligations, improving organizational accountability

Cons

Limited to private markets firms, not suitable for general corporate legal departments outside financial services
May face resistance from traditional legal teams uncomfortable with AI-driven processes
Dependency on platform for critical legal data could create vendor lock-in concerns

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

How does Ontra ensure data privacy and security?

Ontra maintains strict data privacy protocols where customer data is never shared with other clients, third-party LLMs don't retain or train on your data, and the platform maintains SOC 2 Type 2 and ISO 27001:2022 certifications for enterprise-grade security.

What types of contracts can Ontra automate?

Ontra specializes in automating routine private markets contracts including NDAs, NRLs (Non-Reliance Letters), engagement letters, side letters, and other high-volume legal documents commonly used in private equity and investment banking.

How long does it take to implement Ontra?

Implementation timelines vary based on firm size and complexity, but most firms can begin processing contracts through the platform within weeks. Ontra provides dedicated onboarding support and training to ensure smooth adoption across legal, compliance, and finance teams.

Can Ontra integrate with existing legal tech stacks?

Yes, Ontra is designed to complement existing legal technology investments. The platform can integrate with document management systems, CRMs, and other tools commonly used by private markets firms to create seamless workflows.

What makes Ontra different from general legal AI tools?

Unlike generic legal AI solutions, Ontra is purpose-built exclusively for private markets with models trained on 1.5M+ private equity contracts. It combines AI automation with a global network of 600+ specialized legal professionals who understand the nuances of private markets documentation.

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