Ontra
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About
Ontra provides a comprehensive AI-powered platform specifically designed for the private capital markets. It aims to eliminate operational fog for General Partners (GPs) by converting unstructured document data into actionable insights and automated workflows. The platform handles high-volume, routine legal tasks such as NDA negotiations, side letters, and subscription agreements, allowing internal legal teams to focus on higher-value strategic work. By combining proprietary AI technology with a global network of specialized legal professionals, Ontra creates a hybrid solution that ensures both speed and accuracy in a high-stakes environment. The suite includes several specialized products: Contract Automation for routine agreements, Insight for managing fund and credit obligations, Atlas for entity management, and a new Reverse KYC service. In practice, the AI platform uses large language models and structured data extraction to track compliance requirements, such as debt covenants and side letter obligations, across thousands of documents. Users can access a centralized dashboard to monitor turnaround times—typically 24 hours for counterparty returns—and manage their Document Management Systems (DMS) integrations directly through the platform. The tool is purpose-built for the world’s largest private market firms, including private equity funds, hedge funds, and investment banks. Roles such as General Counsel, Chief Compliance Officers, and Fund Managers benefit from the centralized visibility into complex legal structures. It is particularly effective for firms managing hundreds of entities or those dealing with a high volume of investor requests and Due Diligence Questionnaires (DDQs). With over 1,000 customers globally, including industry giants like Blackstone and Bain Capital, the platform is tailored for institutional-grade security and compliance needs. What sets Ontra apart is its human-in-the-loop approach, which pairs advanced AI capabilities with a vetted network of experienced legal professionals from top-tier firms. Unlike generic CLM (Contract Lifecycle Management) tools, Ontra is built specifically for the nuances of private market legal documentation, such as MFN (Most Favored Nation) elections and side letter trends. Its focus on highly specialized workflows, like reverse KYC and digital MFN elections, provides a level of industry-specific automation that general-purpose legal tech often lacks, backed by a 96% customer retention rate.
Pros & Cons
Achieved ISO 27001 certification for high-level data security and trust.
Consistently delivers 24-hour turnaround times for counterparty contract returns.
Trusted by over 1,000 major firms including Blackstone and Bain Capital.
Maintains a high 96% customer retention rate as of December 2024.
Integrates a human-in-the-loop network of lawyers from top-tier firms.
Requires a $2,000 monthly minimum fee for Advanced and Premier editions.
Base pricing for the Standard edition is not publicly listed without a demo.
Certain products like the DDQ tool are currently on a waitlist status.
Advanced lawyer selection features are restricted to the higher-priced subscription tiers.
Use Cases
Fund Managers can automate the tracking of debt covenants and side letter obligations across multiple funds to ensure regulatory compliance.
Private Equity Legal Teams can outsource high-volume NDA and engagement letter negotiations to free up internal resources for strategic work.
Compliance Officers can use the Atlas and KYC tools to manage entity data and streamline the reverse KYC process for counterparties.
Investment Banks can accelerate M&A deal cycles by using AI-powered workflows to process and summarize routine legal documents.
General Partners can manage digital MFN elections and investor questionnaires through a centralized dashboard rather than manual spreadsheets.
Platform
Task
Features
• entity management
• dms integration
• legal network integration
• digital mfn elections
• obligation tracking
• reverse kyc services
• side letter management
• contract automation
FAQs
What is Ontra’s human-in-the-loop solution?
It combines AI-powered automation with a global network of experienced legal professionals to ensure high accuracy. This approach allows the platform to handle complex negotiations while maintaining human oversight for critical legal decisions.
How does Ontra secure confidential document data?
The platform is built for the world’s leading private market firms and has achieved ISO 27001 certification. It uses enterprise-grade security practices to ensure that sensitive fund and investor data remains protected at all times.
Can the platform track side letter obligations?
Yes, Ontra's Insight product is specifically designed to manage and track obligations in side letters, LPAs, and credit agreements. It transforms unstructured document data into a searchable, centralized database for compliance teams.
What is the typical turnaround time for contract reviews?
Ontra targets a 24-hour return to counterparties for routine contracts across all its pricing tiers. This rapid turnaround helps investment teams move quickly and maintain momentum in competitive market environments.
Does Ontra use customer data to train third-party AI models?
Ontra supports the safe and responsible development of AI and addresses data privacy by ensuring documents shared with third-party LLMs are managed securely. Users can refer to the updated Privacy Policy for specific details on data handling.
Pricing Plans
Standard Edition
Unknown Price• Ontra Market Playbook
• Qualified contract professionals
• 24-hour return to counterparty
• Dedicated Customer Success Team
• Document Management System
Advanced Edition
USD2000.00 / per month• Ontra Market Playbook with unlimited customizations
• Qualified lawyers
• 24-hour return to counterparty
• Dedicated Customer Success Team
• Document Management System
Premier Edition
USD2000.00 / per month• Ontra Market Playbook with unlimited customizations
• Qualified lawyers from top-tier firms
• 24-hour return to counterparty
• Dedicated Customer Success Team
• Document Management System
Job Opportunities
There are currently no job postings for this AI tool.
Ratings & Reviews
No ratings available yet. Be the first to rate this tool!
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