invests €1.8M in Swedish legaltech platform Precisely

“As a former business lawyer, I know all about the pain of handling contracts manually,” remarks Precisely founder and CEO Nils-Erik Jansson (pictured). With the money in the bank, Jansson is looking forward to the future: With a background in law, Peak Capital’s David Zwagemaker is no stranger to the legal world. There is a massive opportunity to improve process efficiency and Precisely is well-positioned to capitalize on this.” The €1.8M investment will be used for international expansion and further product development. Precisely has acquired a wide variety of customers spanning from SME’s to enterprises, mostly across Europe and in the United States. Peak Capital manages EUR 84 million and has made 28 investments to date including IENS, which was sold in 2014 to TripAdvisor (NASDAQ: TRIP), Radionomy, which was acquired in 2015 by Vivendi (EURONEXT: VIV) and CheapCargo, which was purchased in 2016 by PostNL (AMS: PNL).