Ironclad, which develops software that helps companies such as Dropbox and Mastercard create and manage business contracts, has raised at least $100 million in a Series D funding at a post-investment valuation of more than $950 million, or more than double its valuation from a year ago, according to several people familiar with the deal. Bond, the venture capital firm co-founded by Mary Meeker, led the investment.

The new valuation amounts to about 50 times Ironclad’s projected annualized revenue for the current fiscal year, according to a person with direct knowledge of the company’s finances and financial statements reviewed by The Information  … read more