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Onit

Onit

Private
Houston, TexasEnterprise Softwarehttps://www.onit.com/

Last Round

Private Equity

Jan 8, 2019

Total Funding Raised

$205.1M

Company Overview

Onit is a software company that provides AI-enabled workflow automation solutions, including enterprise legal management and contract lifecycle management, for legal, compliance, sales, IT, HR, and finance departments.

Sector

Enterprise Software

Verticals

Legal Tech, Workflow Automation, Compliance & Risk, Low-Code/No-Code, Document Management

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

enterprise legal managementELMcontract lifecycle managementCLMlegal techlegal operationslegal opsworkflow automationlegal AIcontract reviewlow-code platformmatter managementspend managementlegal automationcompliance softwareAI copilot

Historical Pricing

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Caplight Momentum Score

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Onit Comparables

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Onit comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Mitratech
86%
Thomson Reuters Document Intelligence
81%
Icertis
80%

Onit Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Private EquityJan 8, 2019
VC RoundOct 27, 2016
Series BJan 17, 2012

Key People

Founding team and executive leadership

Michael Farlekas

Chief Executive Officer

Executive Team

Onit Investors

Notable investors and investment history

Onit investors
InvestorRounds
K1 Investment ManagementPrivate Equity
Level EquityVC Round
Austin VenturesVC Round, Series B
K1 Investment ManagementPrivate Equity
Lubbock Angel NetworkVC Round
RedHouse AssociatesSeries B
Texas Halo FundVC Round

Market signals

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  • Jan 21, 2026

    Monthly visitors increased 37% MoM.

  • May 3, 2025

    Monthly visitors grew 54% MoM, reaching 65.6K.

Onit Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Onit Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Onit's valuation, stock price, and market status.

Firmographic Details

HeadquartersHouston, Texas
Employee Range538
Year Founded2011
Last FundingJan 8, 2019

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