# OpenLaw

**Source:** https://www.startuphub.ai/startups/openlaw
**Profile type:** Startup

> Blockchain-based platform for creating, managing, and executing smart legal agreements.

## About

OpenLaw provides tools to create legal agreements that work with Ethereum, enabling users to automate wrap smart contracts in legal agreements and seamlessly interact with them via an API. Their platform serves developers looking to build products leveraging their tools, markup language, and blockchain extensions. OpenLaw aims to add legal weight to smart contracts by defining rights, obligations, and managing risks.

## Key facts

- **Slug:** openlaw
- **Website:** https://www.openlaw.io/
- **Location:** New York, United States
- **Founded:** 2018-01-01
- **Operating status:** Inactive
- **Total funding:** $7M
- **Sectors / tags:** LegalTech, Blockchain, Smart Contracts, Fintech, Enterprise Software
- **Social:**
  - Twitter: https://twitter.com/openlawofficial
  - GitHub: https://github.com/openlawteam

## Frequently asked

### What does OpenLaw do?

OpenLaw provides tools to create legal agreements that work with Ethereum, enabling users to automate wrap smart contracts in legal agreements and seamlessly interact with them via an API. Their platform serves developers looking to build products leveraging their tools, markup language, and blockchain extensions. OpenLaw aims to add legal weight to smart contracts by defining rights, obligations, and managing risks.

### What is OpenLaw's revenue?

StartupHub estimates OpenLaw's annual revenue at $1.5M (range $693K to $3.0M, 28% confidence), based on comparable companies in the sector.

### What is OpenLaw's valuation?

StartupHub estimates OpenLaw's effective valuation at $25.3M (range $17.0M to $40.8M, 22% confidence), based on comparable companies in the sector.

### How much funding has OpenLaw raised?

OpenLaw has raised a total of $7M in funding. The most recent round on record is Seed.

### Where is OpenLaw headquartered?

OpenLaw is headquartered in New York, United States.

### When was OpenLaw founded?

OpenLaw was founded in 2018.

### What industry does OpenLaw operate in?

OpenLaw operates in LegalTech, Blockchain, Smart Contracts, Fintech, Enterprise Software.

### What is OpenLaw's current status?

OpenLaw's current operating status is: Inactive.

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