Contracthero closes seed round of EUR 2.15 million

B2B software-as-a-service startup ContractHero has closed a seed funding round of €2.15 million. The funds will be used to expand the smart contract platform and strengthen the team. The startup offers cloud-based contract management with automated insights.

Berlin - B2B software-as-a-service startup ContractHero today announced the closing of its seed funding round. VC investors VR Ventures / Redstone, coparion, Swiss Post Ventures, xdeck and Venista Ventures participated in the round with a total of €2.15 million.

We are proud to lead the transformation of smart contract management and unleash new opportunities for companies that previously failed to recognize the hidden potential in their contracts.

Sebastian Wengryn, Co-Founder & CEO ContractHero

Many small and medium-sized enterprises (SMEs) have traditionally stored their contracts in folder-based archives such as Google Drive or Sharepoint. This leads to resource-intensive manual work and an increasing lack of overview. Decisions are often based on limited or outdated information, creating compliance and risk concerns, as well as unnecessary costs.

Since its launch in 2021, ContractHero has established itself as a trusted partner for hundreds of organizations, specifically tailored to meet the needs of finance and legal departments. By automating contract management, ContractHero enables SMBs to efficiently manage their contracts by providing quick access to important information and timely reminders for upcoming deadlines and tasks.

Automated contract analysis

Currently, ContractHero analyzes contracts and automatically extracts key information, speeding up the process of digitizing contracts. The funds raised will be used to expand ContractHero's smart contract platform. Based on the analysis of around 100,000 contracts and using artificial intelligence, ContractHero provides its customers with valuable insights. This data improves contract negotiations, reduces legal and compliance risks, identifies opportunities for financial optimization, improves the accuracy of cash flow forecasts, and provides support for financial audits.

ContractHero is a German B2B startup that helps SMBs gain full control over their contracts. With its cloud-based software-as-a-service solution, it provides direct access to relevant information and enables companies to realize the full potential of their contracts. Founded in 2020 by Sebastian Wengryn and Gerry Koch, ContractHero's innovative contract management solution has gained significant attention from SMEs as well as market leaders in the DACH region such as Eurowings, ZDF, Mercedes Benz Leasing, Dorint Hotels and Miles Mobility.