Warsaw-based Pergamin, a contract administration platform, introduced on Tuesday that it has secured $3M (roughly €2.6M) from OnDean Ahead, bringing the whole funding raised up to now to $5M (roughly €4.4M).
The Polish firm will use the funds to construct a worldwide contract automation platform.
Along with the funding, OnDean Ahead will help the corporate in product growth and lengthening its attain inside Poland and to new markets.
“Legaltech within the US is a fast-growing business, and digital contract administration options are already important for the biggest world firms. This pattern can also be taking place in Europe, however in Europe, the phrase processor and printer nonetheless play a number one function. Pergamin has an actual potential to vary this,” says Marcin Wojtczak, a brand new investor in Pergamin.
“We intend to leverage our expertise from rising Relativity and from investing within the American legaltech ecosystem to assist Pergamin ship on this promise. We consider that Pergamin will shortly turn into a pacesetter in our nation and within the area, after which a worldwide participant,” provides Wojtczak.
Pergamin: Streamlines contract administration
Based in 2017 by Jakub Barwaniec, Piotr Łuczak, and Antoni Wędzikowski, Pergamin streamlines and secures contract administration in medium and huge firms.
The Polish firm does this by automating contract creation, facilitating negotiations, dashing up signing, and growing the safety of important enterprise doc processing.
The corporate makes use of a novel strategy the place contracts act as a database.
This permits for the change of data between the platform and different information storage methods, corresponding to these containing worker and employment particulars, in addition to consumer and order data.
The corporate is especially targeted on bettering the dealing with of worker contracts by providing firms its Worker Contract Platform.
It automates and hastens contract signing and ongoing updating of employment contracts, and streamlines the mandatory paperwork for tax places of work and social safety establishments.
To this point, the corporate has acquired over 130 paying shoppers, starting from small and medium-sized companies to worldwide firms.
Moreover, the corporate has 120,000+ registered customers and 400,000 processed contracts.
Amongst Pergamin’s shoppers are Bolt, Heimstaden, Renault Vans, Toyota Materials Dealing with, Vienna Insurance coverage Group, Volvo Monetary Providers, Volvo Vans, and Westwing.
“Pergamin means that you can considerably velocity up the method from preparation to signing, improve safety, and guarantee clean information change with different IT methods. In the case of employment contracts, Pergamin accelerates the entire course of by 10x whereas lowering preparation prices by 75 % and recovering two-thirds of every HR supervisor’s workload,” says Jakub Barwaniec, co-founder and CEO of Pergamin.
