Onit Overview

  • Founded
  • 2011
Founded
  • Status
  • Private
  • Employees
  • 600
Employees
  • Latest Deal Type
  • Debt
  • Financing Rounds
  • 10
  • Investments
  • 6

Onit General Information

Description

Developer of enterprise workflow software and artificial intelligence platforms intended for the legal, compliance, sales, IT, HR and finance departments. The company offers a no-code business process automation platform that primarily focuses on enterprise legal management, matter management, legal spend management, contract lifecycle management and legal holds, enabling clients to digitally transform legal operations by automating processes, reducing costs and maximizing productivity.

Contact Information

Website
www.onit.com
Formerly Known As
FifthRail, Onit Software
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Primary Industry
Business/Productivity Software
Primary Office
  • 1360 Post Oak Boulevard
  • Suite 2200
  • Houston, TX 77056
  • United States
+1 (800) 000-0000

Onit Timeline

2019202020212022
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Onit Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Onit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of enterprise workflow software and artificial intelligence platforms intended for the legal, compliance, sale
Business/Productivity Software
Houston, TX
600 As of 2022
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Owings Mills, MD
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Falls Church, VA
00.000
00.00 0000-00-00
000000000 00.000
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Onit Competitors (50)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Needles Private Equity-Backed Owings Mills, MD 000000000000
00000 0000000 Angel-Backed Falls Church, VA 00.000 000000000 00.000
00000 Venture Capital-Backed Tauranga, New Zealand 00 0000 00000000000 0000
0000000000 Formerly VC-backed Denver, CO 000 000.00 000000&0 000.00
0000000000 0000000 Private Equity-Backed Nottingham, United Kingdom 00 0000 0000000 0000 0000
You’re viewing 5 of 50 competitors. Get the full list »

Onit Executive Team (13)

Name Title Board Seat Contact Info
Eric Elfman Co-Founder & Chief Executive Officer
York Richards Chief Financial Officer
Eric Smith Co-Founder, Chief Operating Officer and Chief Security Officer
Chris Fields Chief Technology Officer
Matthew DenOuden JD Senior Vice President, Sales
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Onit Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Onit Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Onit Investments (6)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000000 11-Jan-2022 0000000000 Business/Productivity Software 0000 0000
00000000 28-Sep-2021 0000000000 Business/Productivity Software 0000 0000
0000000 01-Sep-2021 0000000000 Business/Productivity Software 0000 0000
0000000 17-Dec-2020 0000000000 Business/Productivity Software 0000 0000
Onit AI Center of Excellence 17-Nov-2020 Buyout/LBO Business/Productivity Software 0000 0000
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Onit Subsidiaries (5)

Company Name Industry Location Founded
AXDRAFT Business/Productivity Software New York, NY 2017
0000000 Business/Productivity Software New York, NY 0000
00000000000 Business/Productivity Software Mountain View, CA 0000
0000000000 Business/Productivity Software Goleta, CA 0000
00000000 Business/Productivity Software Frankfurt, Germany 0000
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