Poland: Pergamin, a Polish platform for data-driven contract management, has raised a seed round of €660K. The financial round was led by a Polish investment firm JR Holding, with participation by their previous investor, Nunatak Capital VC. The funding will be used primarily for product development, including new data analytics features, utilizing Machine Learning algorithms, and as well as to expand its team, by hiring product specialists and developers.
Founded in 2017, Pergamin is an AI-based platform for contract management. Customers can automatically create, negotiate, sign and store their contracts and exchange data with other tools, such as CRM or HR management tools. Pergamin also eliminates human errors, by allowing users to automatically verify contractors’ data in external databases. With a built-in electronic signature, makes the contracting process completely digital and eliminates the need for printing or sending documents by post.
So far, Pergamin has 10,000 active users and 150 customers in Poland – from enterprise companies to SMEs. Pergamin is implementing a project with Santander Bank, as a part of the Accelpoint acceleration program. The platform is used by some of the largest real estate developers in Poland (including publicly listed ECHO Investment), who use it to automate lease agreement processes.
“Companies lose money due to inefficient processes and lack of automation of routine, repetitive tasks. With COVID-19, remote working has become the “new normal” and companies have had to accelerate the digitization process. Pergamin addresses these needs, by shortening the contract preparation process and streamlining negotiations. As a result, we bring more control over the process and limit the number of errors, thus improving the quality of documents. We have been building Pergamin with a strong focus on our core values: ease of use and security. We believe that data-driven tools like Pergamin will soon become essential for the effective functioning of any company”, says Jakub Barwaniec, CEO and co-founder of Pergamin.