Los Angeles, Calif. (June 12, 2018) — O&A, P.C., representing Onna Technologies, Inc., announces that the firm has assisted in closing a $5 million Series Seed round led by Nauta Capital.
Onna, a knowledge integration platform based in both San Francisco and Barcelona, has built software for legal departments to quickly access contracts, correspondence, and files through one central platform, enabled by a smart search function using neural networks. Primary use cases for Onna’s technology include knowledge discovery, eDiscovery, and compliance. Onna was named a Gartner 2017 Cool Vendor in Artificial Intelligence for Legal Affairs. Onna’s clients include Facebook, Twilio, and Electronic Arts.
Michael Borenstein, O&A Partner, led the deal with assistance from Kevin Pasternak, Associate at O&A. The deal closed in Q4 of 2017.
“Having worked with the team at Onna to help close some of their early commercial agreements, including their contract with Facebook, it was a privilege to work with them on closing this round of financing with a great partner in Nauta,” Borenstein said. “With this additional capital, I look forward to helping Onna with their continued growth.”
The new funds will be invested in further developments in Onna’s AI features and its growth strategy by making new hires in senior roles and expanding its partner network.
Nauta Capital is a European venture capital firm specializing in investing in early-stage information and communications technology companies with an emphasis on B2B software and disruptive consumer technology. The firm is based in Barcelona, Spain.
In a statement announcing the deal, Nauta Capital General Partner Jordi Viñas stated: “We are extremely impressed by Onna’s technology and the rapid growth it has experienced over the past year with customers such as Facebook. Not only does this funding boost momentum to maintain and expedite the company’s future growth, but what the AI-based platform Onna has built is unique and set to become fundamental in the eDiscovery collections and knowledge management for legal departments that affects a multi-billion-dollar market.”
About O&A, P.C.
O&A is an elite team of attorneys committed to helping clients achieve their objectives — efficiently and effectively. The firm represents some of the biggest companies in technology and interactive entertainment, as well as some of the world’s most innovative entrepreneurs and emerging growth companies. Founded by Dan Offner, O&A specializes in venture and corporate law for technology and content. For more information, please visit http://oandapc.com/.
About Onna Technologies, Inc.
Founded in 2014, Onna Technologies, Inc. is a knowledge integration and management platform for corporate legal departments. Onna’s cutting edge technology offers clients ease and efficiency with which to access any information through concentrating all data on a central platform. Learn more about Onna at https://onna.com/about-us.
About Nauta Capital
Founded in 2006, Nauta Capital is a Venture Capital firm operating business in London (UK), Barcelona (Spain), and Boston (US). Nauta Capital invests in early-stage companies with special interest in B2B software, digital marketing, media technology, social intelligence, analytics, data driven companies, mobile and internet technologies, and IT security. For more information, please visit https://www.nautacapital.com/.