Source: Pergamin
OnDean Forward, a vehicle founded by the creators of the success of the American legaltech Relativity, has invested PLN 11 million in the Polish company, Pergamin. The capital and support of the partner will help Pergamin build a regional leader and a global contract management platform.
“Creating, negotiating, signing and then storing contracts is a pain point for every company. In the case of contracts with employees, there are also a number of additional documents required by law. Manual contract management in Polish companies costs up to several billion zlotys per year and significantly burdens HR teams and administration. Pergamin allows you to significantly speed up the process from preparation to signature, increase its security and ensure smooth exchange of data with other IT systems. In the case of contracts with employees, it speeds up the process 10x, allows you to reduce the costs of its management by 75%, while recovering two thirds of the full-time job of each HR manager,” said Jakub Barwaniec, Co-Founder and CEO of Pergamin.
“Legaltech in the US is developing at a dizzying pace, and online contract management solutions are already at the heart of the operations of the largest global corporations. This trend is also developing in Europe, but the text editor and printer still play a huge role here. Pergamin has huge potential to change this. And we intend to use our experience in the development of Relativity and investments in American legaltechs to help use it. We believe that Pergamin will quickly become a leader in the country and region, and then a global player,” said Marcin Wojtczak, Managing Partner at OnDean Forward.
Read the full article: https://pergam.in/en/blog/ondean-forward-invests-pln-11-million-in-pergamin-and-will-help-build-a-global-contract-management-platform/
