Contractbook, a legaltech startup that has a platform for end-to-end contract lifecycle management, has announced they raised € 3.5 million from a syndicate led by Gradient Ventures, which is Google’s AI Fund, the Nordic VC-fund byFounders and a group of key angel investors. This is the first time a Danish startup received funding from a Google-backed VC.
“With the new capital, we are ready to expand Contractbook’s footprint globally. We believe that our continued product focus and iteration will enable our customers to manage the full contract lifecycle through one platform. We don’t need to re-invent ourselves, but rather maintain our strong unit economics while scaling,” says our CEO and founder Niels Martin Brøchner.
The investment enables the team to add new features to the product and scale internationally. Their tool is about enabling users to draft contracts, review and collaborate on them, as well as sign, store, and track them.
“Contractbook’s focus on enabling SMEs to streamline the process of contracting has allowed them to attract thousands of customers in a multi-billion dollar market. We’re excited to partner with this strong team for years to come.” says Darian Shirazi, GP at Gradient.