Ontra is the dominant player for "routine contract automation" in private equity. It combines software with a network of freelance lawyers to process high-volume documents like NDAs and fund side letters. Colabra is a buy-side diligence workspace. We do not process your NDAs; we audit your targets. Ontra helps you start the deal (get the NDA signed); Colabra helps you value the deal (find the risks).
Ontra's value proposition is "outsourcing the noise." You send them 500 NDAs, and their network of lawyers (aided by AI) returns them signed and summarized. It is an operational service designed to handle the low-value, high-volume paperwork that clogs up a PE firm's legal team.
Colabra's value proposition is "insourcing the insight." You upload the target's 5,000-document data room, and our AI maps the risks, entities, and gaps. We are not a service you send work to; we are a workspace where your deal team builds conviction.
Ontra's "Insight" product is excellent for Fund Operations—tracking obligations to your own LPs (Limited Partners) in side letters. Colabra is built for Deal Execution—tracking the liabilities of the company you are trying to buy. One manages your investors; the other validates your investments.
Ontra relies on a human layer (freelance lawyers) to verify data. This ensures high accuracy but introduces latency. Colabra is pure software. We provide instant, automated risk flagging on the data room. You don't wait 24 hours for a lawyer to review a file; you see the red flag the moment the document is uploaded.
Ontra handles "routine" contracts where the goal is efficiency (NDAs, vendor contracts). Colabra handles "critical" evidence where the goal is accuracy (IP assignments, change of control). You outsource the NDA because it doesn't change the valuation. You use Colabra for the diligence because it does.