Contract Hero raises US$1.7 million
One year after its foundation, the start-up is financed by two funds. It wants to use this to advance its contract management software.
The Berlin-based start-up Contract Hero has raised 1.7 million US dollars in a pre-seed financing round. VR Ventures, the joint fund of Volksbanken and Redstone, led the round. The tech fund Coparion has also invested in the start-up of founders Gerry-Constantin Koch and Sebastian Wengryn, according to the start-up.
The start-up wants to use the funding to launch its contract management software on the market. "Thanks to the trust of our investors, we can now develop the right clout to drive forward the digitalization of contract management quickly and effectively, especially for the many SMEs and medium-sized companies in Germany," says Sebastian Wengryn.
Contract Hero has been active on the market since 2020 and offers software that digitizes contracts and clearly prepares key data. The contract manager also reminds users of notice periods and expiring contracts, for example. Before joining Contract Hero, founder Wengryn worked for years at fintech Smava and company builder Finleap. Koch was also employed at gaming start-up Kolibri .
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
