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.

Berlin-based startup Contract Hero has raised $1.7 million in a pre-seed funding round. VR Ventures, the joint fund of Volksbanken and Redstone, led the round. Tech fund Coparion also took a stake in the startup, founded by Gerry-Constantin Koch and Sebastian Wengryn, according to the startup.

With the funding, the startup hopes to bring its contract management software to market. "Thanks to the trust of our investors, we can now develop the right clout to quickly and effectively drive the digitization of contract management, especially among the many SMEs and companies in the German midmarket," 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 worked at the gaming start-up Kolibri , among others.