Warsaw-based Pergamin gets €2.6M to help medium and large companies streamline contract management

Warsaw-based Pergamin, a contract management platform, announced on Tuesday that it has secured $3M (approximately €2.6M) from OnDean Forward, bringing the total funding raised to date to $5M (approximately €4.4M).

The Polish company will use the funds to build a global contract automation platform.

In addition to the funding, OnDean Forward will assist the company in product development and extending its reach within Poland and to new markets. 

“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,” says Marcin Wojtczak, a new investor in Pergamin.

“We intend to leverage our experience from growing Relativity and from investing in the American legaltech ecosystem to help Pergamin deliver on this promise. We believe that Pergamin will quickly become a leader in our country and in the region, and then a global player,” adds Wojtczak.

Pergamin: Streamlines contract management

Founded in 2017 by Jakub Barwaniec, Piotr Łuczak, and Antoni Wędzikowski, Pergamin streamlines and secures contract management in medium and large companies.

The Polish company does this by automating contract creation, facilitating negotiations, speeding up signing, and increasing the security of critical business document processing.

The company uses a unique approach where contracts act as a database.

This allows for the exchange of information between the platform and other data storage systems, such as those containing employee and employment details, as well as client and order information.

The company is particularly focused on improving the handling of employee contracts by offering companies its Employee Contract Platform.

It automates and speeds up contract signing and ongoing updating of employment contracts, and streamlines the necessary paperwork for tax offices and social security institutions.

To date, the company has acquired over 130 paying clients, ranging from small and medium-sized businesses to international corporations.

Additionally, the company has 120,000+ registered users and 400,000 processed contracts.

Among Pergamin’s clients are Bolt, Heimstaden, Renault Trucks, Toyota Material Handling, Vienna Insurance Group, Volvo Financial Services, Volvo Trucks, and Westwing.

“Pergamin allows you to significantly speed up the process from preparation to signing, enhance security, and ensure smooth data exchange with other IT systems. 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 manager’s workload,” says Jakub Barwaniec, co-founder and CEO of Pergamin.