About Onit
Onit is a Professional & Legal Services company based in Houston (United States) founded in 2007 by Jill Black, Eric Elfman, and Eric Smith, and was acquired by Seven Seven Six in June 2026. Enterprise legal workflows are automated via cloud-based management software. Onit has raised $215.46 million across 7 funding rounds from investors including SVB, K1 Investment Management and Level Equity. The company has 173 employees. Onit has completed 7 acquisitions, including AxDraft, Bodhala and BusyLamp. Its chief executive, as recorded, is Michael Farlekas. Its website onit.com draws about 150 thousand monthly visits. Its Indian entity Onit India Private Limited reported revenue of ₹54.52 Cr. Its focus areas include Enterprise Applications, Legal Tech and Workflow Automation. Its competitors include Streamline, Tower and Platus; 2 of its 3 listed competitors have raised funding.
Company details
Cloud based enterprise legal workflow automation management software provider. It helps business and legal teams streamline operations, control costs, gain visibility into projects and reduce company risk. It allows business users to drive efficiency by combining business process management, project management, and information management tool without having to rely on IT support.
- Headquarters Houston, United States
- Employees 173
- Founders Jill Black, Eric Elfman, Eric Smith
- Stage Acquired
- SectorsProfessional & Legal Services
- Email••••••••
- Phone•••• ••••
- Website onit.com
- Social LinkedIn X Facebook
- Acquired by Seven Seven Six (Jun 2026)
- Legal Name Onit India Private Limited
- Date of Incorporation 14 May, 2015
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹54.52 Cr
FY 2025 · +40% YoY
- Indian entity net profit₹5.72 Cr
FY 2025 · 10% margin
- Indian entity EBITDA₹8.98 Cr
FY 2025 · 16% margin
- Total Equity Funding$215.46M (USD)
in 7 rounds
- Latest Funding Round$200M (USD), Series D
Jan 2019
- InvestorsSVB
& 6 more
- Employee Count173
- Investments & AcquisitionsAxDraft
& 6 more
- Acquired bySeven Seven Six
(Jun 2026)
Associated legal entities of Onit
Onit operates through Onit India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Onit India Private Limited CIN U72200PN2015FTC155006 | Active | 14 May 2015 | Pune, Maharashtra | ₹54.5 Cr | 173 | 4 | View details |
Funding Insights of Onit
Onit has successfully raised a total of $215.46M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $215.46M
- Total Rounds 7
- Last Round Series D — $200M
- First Round $550,000
(Feb 2010)
- Investors Count 6
All 7 funding rounds of Onit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $200M | Series D | – | K1 Investment Management | – |
| Jun 2018 | $10M | Debt – Venture | – | – | |
| Oct 2016 | $8.25M | Series C | – | Level Equity | |
| Jan 2014 | $2.33M | Series B | – | – | – |
| Jan 2012 | $4.1M | Series B | – | Austin Ventures | |
| Jan 2011 | $225,001 | Seed | – | – | – |
| Feb 2010 | $550,000 | Seed | – | – | – |
7 investors in total: 7 institutional.
Investors in Onit
Onit has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, K1 Investment Management and Level Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
B2B enterprise SaaS investments are managed by K1 Investment Management. | k1.com | Manhattan Beach, United States | ||
Middle-market growth capital investments are targeted by Level Equity. | levelequity.com | New York, United States | ||
Venture capital investments in Texas-based companies. | austinventures.com | |||
Early stage venture investments are managed by Texas HALO Fund. | texashalofund.com | Houston, United States | ||
| redhouseassociates.com | ||||
Venture capital fund focused on investing in technology startups | sevensevensix.com | Austin, United States | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States |
Investor details for Onit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Onit India Private Limited (Onit)
Onit India Private Limited is the primary company behind Onit. The board of Onit India Private Limited currently have 4 directors; the longest-serving is Anand Manubhai Patel, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Manubhai Patel DIN 05138829 | Director | 14 May 2015 | 11 yrs 5 mo | Onit India Private Limited |
| Jyotsna Ashish Kher DIN 10619336 | Director | 09 May 2024 | 2 yrs 5 mo | Onit India Private Limited |
| Laura Lynn Fese DIN 01433298 | Director | 10 Jun 2024 | 2 yrs 4 mo | Onit India Private Limited |
| Austin James Owens DIN 08834977 | Director | 10 Jun 2024 | 2 yrs 4 mo | Onit India Private Limited |
People of Onit
48 people are tracked at Onit (24 in leadership, 24 in team); the tracked headcount is 173.
| Name | Role | Group |
|---|---|---|
Jill Black | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Eric Smith | Co-Founder | Leadership |
Michael Farlekas | CEO | Leadership |
Anca van der Linden | Director, Global Sales Enablement | Leadership |
Pranav Mundi | Chief Technology Officer | Leadership |
Nathan Landrum | Director, Global Support | Leadership |
Peter Rubino | Chief Customer Officer | Leadership |
Marie Johnston | Senior Vice President | Leadership |
Michelle Culp | Chief Revenue Officer | Leadership |
William Gamble | Director Of Customer Success | Leadership |
| Chief Financial Officer | Leadership | |
Nathan Peirson | Chief People Officer | Leadership |
| Chief Legal Officer | Leadership | |
Ryan Kinsey | Vp, Strategic Account Management | Leadership |
Cole Morgan | VP, Operations | Leadership |
Stasha Jain | Deputy General Counsel & VP Of Legal Ops | Leadership |
Manoj Joshi | Senior Vice President, Product Engineering | Leadership |
Garrett Denney | Vice President Marketing | Leadership |
Moriah Miles | Vice President Of Strategic New Business | Leadership |
28 more people are available in the full profile.
Complete people profiles for Onit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of Onit
Figures of Onit India Private Limited, the primary company behind Onit, for FY 2025. Revenue was ₹54.52 Cr (+40% year on year). Net profit was ₹5.72 Cr (10% margin). EBITDA was ₹8.98 Cr (16% margin). Revenue has grown at a compounded annual rate of +29% over three years and +28% over five years.
- ₹54.52 CrRevenue · FY 2025 · +40% YoY
- ₹5.72 CrNet profit · 10% margin
- ₹8.98 CrEBITDA · 16% margin
- ₹1 LakhPaid-up capital
- 173Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Onit India Private Limited are on its company page.
Detailed financial statements for Onit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Onit
Onit has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include AxDraft, Bodhala and BusyLamp.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Case and matter management software for legal industry is developed. | legalfiles.com | Springfield, United States | 1990 | Jan 2025 | •••• | |
Virtual dataroom (VDR) solutions | securedocs.com | Santa Barbara, United States | 2012 | Jan 2022 | •••• | |
Enterprise legal management solutions for law firms are provided. | busylamp.com | Frankfurt, Germany | 2012 | Sep 2021 | •••• | |
Cloud-based legal spend management software is provided. | bodhala.com | New York, United States | 2014 | Sep 2021 | •••• | |
Cloud-based document automation solutions are provided for management workflows. | axdraft.com | Kyiv, Ukraine | 2016 | Dec 2020 | •••• | |
Legal contracts are automated end-to-end via AI-powered enterprise software. | mccarthyfinch.com | Auckland, New Zealand | 2017 | Nov 2020 | •••• | |
Legal bills management platform. | simplelegal.com | San Francisco, United States | 2013 | May 2019 | •••• |
Complete acquisition details for Onit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Onit
11 dated milestones of Onit across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Onit is founded.
- Funding First funding round of $550K.
- Funding Latest funding round, Series D, of $200.0M.
- Acquisition Acquires SimpleLegal.
- Acquisition Acquires McCarthyFinch.
- Acquisition Acquires AxDraft.
- Acquisition Acquires Bodhala.
- Acquisition Acquires BusyLamp.
- Acquisition Acquires SecureDocs.
- Acquisition Acquires Legal Files Software.
- Exit Acquired by Seven Seven Six.
Competitors of Onit
Onit has 3 listed competitors in our database, 2 of them funded. They include Streamline, Tower and Platus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| streamlineplan.com | 2020 | New York, United States | Streamline is recognized for AI-driven supply chain planning software. | |||
| withtower.com | 2024 | San Francisco, United States | $125,000 | Tower is focused on AI-powered due diligence solutions. | ||
| platus.com | 2024 | San Francisco, United States | $500,000 | AI powered legal workflow automation platform |
Detailed competitors of Onit
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- Full competitor set
- Operating metrics
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Web traffic of Onit
The website of Onit (onit.com) receives about 150.4K visits a month.
- Monthly visits150.4K
▼ 11.9% vs previous month
Websites whose visitors overlap most with Onit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
imagility.co | imagility.co | 100% | #1,678,546 | – | |
| k1.com | 100% | #1,027,555 | View details | ||
| lawrbit.com | 100% | 53.7K | #428,308 | View details | |
| onnit.com | 99% | 409.8K | #137,746 | View details | |
actiontech.com | actiontech.com | 68% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Onit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Legal Tech
3 companies that operate in the same segment as Onit (Legal Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered legal research assistance is provided to law firms. | 2022 | San Francisco, California, United States | USD 1.82 B | 1,840 | ||
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M |
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Related news about Onit
Complete news archive for Onit
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Frequently Asked Questions about Onit
Onit was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Onit is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Michael Farlekas is the CEO of Onit, as recorded in our data.
Onit is a funded company, having raised a total of $215.46M across 7 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on Feb 2010.
Onit has 173 employees.
The primary company behind Onit, Onit India Private Limited, reported revenue of ₹54.52 Cr for FY 2025, up 40% year on year.
Cloud based enterprise legal workflow automation management software provider. It helps business and legal teams streamline operations, control costs, gain visibility into projects and reduce company risk. It allows business users to drive efficiency by combining business process management, project management, and information management tool without having to rely on IT support.
Onit's top competitors include Tower, Platus and Streamline.
Onit has 7 investors. Key investors include SVB, K1 Investment Management, Level Equity, Austin Ventures, and Texas HALO Fund.
Onit operates through Onit India Private Limited.
Yes. Onit was acquired by Seven Seven Six in June 2026.