Zefort Secures €1M Investment for Global Expansion in AI Contract Management
Summary
Finnish cloud startup Zefort has raised 1 million in investment from two senior investors, Asko Schrey and Timo Larjomaa. The platform lets create, sign and store any type of contract with minimal effort. Zefort has already reached a big position in Finland and now aims to expand into new markets. Business-wise, we have reached a healthy 2 million euro annual recurring revenue (ARR). Now, with this growth investment, were opening a new chapter in Zeforts story, Jussi Karttila, Zefort CEO, commented.Through the deal, privat investor and business angel Asko Schrey and venture capitalist Timo Larjomaa bought a 40% minority share of Zefort and additionally made a 1 million investment, which marks the biggest funding round for the company.The founders Jussi Karttila, Ville Laurikari and Juhani Heikkil\xe4 remain to be majority owners and continue running Zefort.The fresh funding will boost expansion in the Nordics and Northern Europe, adding onto existing customers in 11 countries already.