Pergamin: A Polish Startup Set to Revolutionize Contract Management
September 25, 2024, 3:30 am
Location: France, Auvergne-Rhône-Alpes, Saint-Priest
Employees: 5001-10000
Founded date: 1894
Location: Poland, Mazowieckie, Warsaw
Employees: 11-50
Founded date: 2017
Total raised: $5M
In the bustling world of business, contracts are the lifeblood. They bind agreements, secure deals, and pave the way for growth. Yet, managing these crucial documents often feels like navigating a labyrinth. Enter Pergamin, a Polish startup that is turning the tide on traditional contract management. With a fresh infusion of $3 million from OnDean Forward, Pergamin is poised to automate and streamline the contract process, making it as easy as a click.
Founded in 2017, Pergamin has quickly established itself as a game-changer in the realm of contract management. The startup’s mission is clear: to eliminate the headaches associated with creating, negotiating, signing, and storing contracts. In Poland alone, the manual handling of employee contracts costs medium and large companies a staggering €700 million annually. Pergamin aims to slice through this inefficiency like a hot knife through butter.
At the heart of Pergamin’s innovation is a unique approach that transforms contracts into databases. This clever twist allows for seamless information exchange between the contract management platform and other systems. Think of it as a bridge connecting various islands of data—employee records, client information, and order details. This interconnectedness not only enhances efficiency but also bolsters security, a critical factor in today’s digital landscape.
The startup has already made significant strides. With over 130 paying clients, including notable names like Bolt, Renault Trucks, and Toyota Material Handling, Pergamin has processed nearly 400,000 contracts. Its user base exceeds 120,000, a testament to its growing popularity. The company’s Employee Contract Platform is particularly noteworthy. It automates the entire lifecycle of employee contracts, from creation to signing, and even handles the necessary paperwork for tax offices and social security institutions.
Imagine a world where HR teams are liberated from the shackles of paperwork. Pergamin claims to accelerate the contract process by tenfold while slashing preparation costs by 75%. This means HR managers can reclaim two-thirds of their workload, allowing them to focus on what truly matters—people.
The recent investment from OnDean Forward marks a significant milestone for Pergamin. This strategic partnership will not only provide the necessary capital but also valuable expertise. OnDean Forward, founded by industry veterans Andrew Sieja and Marcin Wojtczak, has a track record of success in the legaltech sector. Their experience with American legaltech companies will be instrumental in helping Pergamin expand its reach beyond Poland and into global markets.
Legaltech is a burgeoning industry, particularly in the United States, where digital contract management solutions have become essential for large corporations. However, Europe is still catching up. Many businesses in the region remain tethered to outdated practices, relying heavily on word processors and printers. Pergamin stands at the forefront of this shift, ready to usher in a new era of efficiency and security.
The investment from OnDean Forward brings Pergamin’s total funding to approximately $5 million. This financial backing will fuel product development and market expansion. The goal is ambitious: to build a global contract automation platform that not only serves Polish companies but also captures the attention of international clients.
As Pergamin charts its course, it faces challenges typical of any startup. The legaltech landscape is competitive, and the need for robust security measures is paramount. However, with a solid foundation and a clear vision, Pergamin is well-equipped to navigate these waters. The startup’s commitment to innovation and efficiency positions it as a potential leader in the industry.
In a world where time is money, Pergamin’s promise is enticing. The ability to automate contract management could save companies not just euros, but also invaluable hours. As businesses increasingly seek to streamline operations, Pergamin’s solutions may become indispensable.
The road ahead is filled with possibilities. Pergamin’s journey is just beginning, but the momentum is undeniable. With the right support and a focus on innovation, this Polish startup could very well become a global player in the legaltech arena.
In conclusion, Pergamin is not just another tech startup; it’s a beacon of change in the contract management landscape. By harnessing technology to simplify complex processes, Pergamin is paving the way for a future where contracts are no longer a burden but a streamlined part of business operations. The potential is vast, and the impact could be profound. As Pergamin continues to grow, it will be exciting to watch how it transforms the way companies manage their most critical documents. The future of contract management is here, and it’s automated.
Founded in 2017, Pergamin has quickly established itself as a game-changer in the realm of contract management. The startup’s mission is clear: to eliminate the headaches associated with creating, negotiating, signing, and storing contracts. In Poland alone, the manual handling of employee contracts costs medium and large companies a staggering €700 million annually. Pergamin aims to slice through this inefficiency like a hot knife through butter.
At the heart of Pergamin’s innovation is a unique approach that transforms contracts into databases. This clever twist allows for seamless information exchange between the contract management platform and other systems. Think of it as a bridge connecting various islands of data—employee records, client information, and order details. This interconnectedness not only enhances efficiency but also bolsters security, a critical factor in today’s digital landscape.
The startup has already made significant strides. With over 130 paying clients, including notable names like Bolt, Renault Trucks, and Toyota Material Handling, Pergamin has processed nearly 400,000 contracts. Its user base exceeds 120,000, a testament to its growing popularity. The company’s Employee Contract Platform is particularly noteworthy. It automates the entire lifecycle of employee contracts, from creation to signing, and even handles the necessary paperwork for tax offices and social security institutions.
Imagine a world where HR teams are liberated from the shackles of paperwork. Pergamin claims to accelerate the contract process by tenfold while slashing preparation costs by 75%. This means HR managers can reclaim two-thirds of their workload, allowing them to focus on what truly matters—people.
The recent investment from OnDean Forward marks a significant milestone for Pergamin. This strategic partnership will not only provide the necessary capital but also valuable expertise. OnDean Forward, founded by industry veterans Andrew Sieja and Marcin Wojtczak, has a track record of success in the legaltech sector. Their experience with American legaltech companies will be instrumental in helping Pergamin expand its reach beyond Poland and into global markets.
Legaltech is a burgeoning industry, particularly in the United States, where digital contract management solutions have become essential for large corporations. However, Europe is still catching up. Many businesses in the region remain tethered to outdated practices, relying heavily on word processors and printers. Pergamin stands at the forefront of this shift, ready to usher in a new era of efficiency and security.
The investment from OnDean Forward brings Pergamin’s total funding to approximately $5 million. This financial backing will fuel product development and market expansion. The goal is ambitious: to build a global contract automation platform that not only serves Polish companies but also captures the attention of international clients.
As Pergamin charts its course, it faces challenges typical of any startup. The legaltech landscape is competitive, and the need for robust security measures is paramount. However, with a solid foundation and a clear vision, Pergamin is well-equipped to navigate these waters. The startup’s commitment to innovation and efficiency positions it as a potential leader in the industry.
In a world where time is money, Pergamin’s promise is enticing. The ability to automate contract management could save companies not just euros, but also invaluable hours. As businesses increasingly seek to streamline operations, Pergamin’s solutions may become indispensable.
The road ahead is filled with possibilities. Pergamin’s journey is just beginning, but the momentum is undeniable. With the right support and a focus on innovation, this Polish startup could very well become a global player in the legaltech arena.
In conclusion, Pergamin is not just another tech startup; it’s a beacon of change in the contract management landscape. By harnessing technology to simplify complex processes, Pergamin is paving the way for a future where contracts are no longer a burden but a streamlined part of business operations. The potential is vast, and the impact could be profound. As Pergamin continues to grow, it will be exciting to watch how it transforms the way companies manage their most critical documents. The future of contract management is here, and it’s automated.