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Full-Time

Business Development Representative

Posted on 6/27/2024

Ontra

Ontra

201-500 employees

AI-powered legal process automation for investment firms

Enterprise Software
AI & Machine Learning
Financial Services
Legal

Compensation Overview

$44k - $62kAnnually

+ Commission + Equity Grants

Entry, Junior

New York, NY, USA + 1 more

Category
Business Development
Business & Strategy
Required Skills
Sales
Communications
Cold Calling
Salesforce
Excel/Numbers/Sheets
Requirements
  • 1+ year of experience conducting cold calls and sending cold emails
  • Experience within a global technology company preferred
  • Sales Hunter Mindset
  • Technical Savvy with experience in Excel, Salesforce, and Outreach
  • Verbal & Written Communication Skills
  • Organization skills
  • Efficiency in time-management
  • Attention to Detail
  • Desire to Learn
Responsibilities
  • Research & Prospecting
  • Cold Outreach
  • Sales Operations
  • Meeting Preparation
  • Campaign Execution
  • Data Management
  • Sales Projects

Ontra.ai provides AI-powered solutions designed to automate legal processes specifically for investment firms. The company's software streamlines the intake, negotiation, and execution of routine contracts, such as Non-Disclosure Agreements (NDAs), by leveraging a global network of freelance legal professionals. This automation allows legal teams to concentrate on more strategic tasks rather than routine paperwork. Ontra also offers services to ensure compliance with contract obligations, tailoring its solutions to the unique needs of each client based on their investment strategies. Unlike many competitors, Ontra has a strong focus on the private markets and has gained the trust of over 600 investment firms, including notable clients like Blackstone, which has also invested in the company. The goal of Ontra is to digitally transform legal workflows throughout the entire fund lifecycle, enhancing efficiency and effectiveness for its clients.

Company Stage

Series B

Total Funding

$240M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

2%

1 year growth

3%

2 year growth

11%
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Simplify's Take

What believers are saying

  • Ontra's client base includes 9 of the top 10 PEI-ranked firms, indicating strong market validation and growth potential.
  • The recent appointment of experienced leaders like John Lofy and Leslie Olsen suggests a focus on enhancing customer success and marketing strategies.
  • Integration of advanced AI technologies like GPT-4 positions Ontra at the forefront of legal tech innovation, potentially attracting more high-profile clients.

What critics are saying

  • The legal tech market is highly competitive, with numerous players vying for market share, which could impact Ontra's growth.
  • Dependence on freelance legal professionals may pose challenges in maintaining consistent service quality and compliance.

What makes Ontra unique

  • Ontra's AI-powered legal operating system is specifically tailored for private markets, setting it apart from more generalized legal tech solutions.
  • The integration of OpenAI's GPT-4 into Ontra Synapse enhances its AI capabilities, providing a competitive edge in automating complex legal workflows.
  • Ontra's global network of freelance legal professionals allows for scalable and flexible contract management, unlike competitors who rely solely on in-house teams.
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