Pergamin raises $3M to automate company contract management
Summary
They have 120,000+ registered users and ~400,000 processed contracts.Among Pergamins clients are Bolt, Heimstaden, Renault Trucks, Toyota Material Handling, Vienna Insurance Group, Volvo Financial Services, Volvo Trucks, and Westwing.According to Jakub Barwaniec, co-founder and CEO of Pergamin:Creating, negotiating, signing, and then storing contracts is a headache for every company. Manual handling of contracts in Polish companies costs hundreds of millions of euros each year and significantly burdens HR teams and administrative departments. When it comes to employment contracts, Pergamin accelerates the whole process by 10x while reducing preparation costs by 75 percent and recovering two-thirds of each HR managers workload.With the support of OnDean Forward and its $3 million investment, Pergamin aims to build a global contract automation platform. The new strategic investor will assist the company in product development and extending its reach within Poland and to new markets.OnDean Forward was founded by Andrew Sieja and Marcin Wojtczak. "Legaltech in the US is a fast-growing industry, and digital contract management solutions are already critical for the largest global corporations.This trend is also happening in Europe, but in Europe the word processor and printer still play a leading role.Pergamin has a real potential to change this.