Ontra

Ontra is an AI-powered legal and compliance platform for private markets, founded as InCloudCounsel and rebranded following a Series B investment led by Blackstone Growth. It combines purpose-built AI with an outsourced network of experienced lawyers so fund managers clear high-volume routine contracts and keep fund obligations and entities in structured, reportable data.

Key features of Ontra include:

• Contract Automation: Routine agreements including NDAs, joinders, non-reliance letters and vendor contracts are negotiated end to end at fixed per-contract pricing, with expedited turnaround options.
• Digital Playbooks: Negotiation positions are codified as preferred, fallback and final terms so every counterparty markup reflects the firm's approved standards and prior precedent.
• Markup Builder: An AI drafting tool surfaces precedent language, automates redlines and generates suggested markups to speed turnaround and keep negotiated positions consistent.
• Insight For Funds: Fund documents and side letters become a searchable repository with automated obligation workflows and audit-ready tracking of reporting and most favoured nation commitments.
• Atlas Entity Management: Digital entity management tracks legal entities, officers and filings across multiple domiciles to support fund governance and cross-border compliance obligations.

Best for: Private equity, credit, real estate and venture firms whose in-house counsel face high volumes of NDAs, side letters and fund obligations across many entities and jurisdictions.

Ontra removes routine negotiation and document tracking from a fund's legal team. Contract work becomes predictable cost and structured data that supports diligence, investor reporting and fast answers to LP requests.