• Polish startup Pergamin, which automates contract management in companies, has closed $3M (€2.7M) investment from a new investor, OnDean Forward.
• The company aims to build a global contract automation platform, drive product development and expand its presence both in Poland and in new international markets.

With the aim to make employee contract management 10x more efficient

Pergamin, founded in 2017 by Antek Wedzikowski, Jakub Barwaniec and Piotr Luczak, aims to simplify and enhance contract management for medium and large businesses. Its approach treats contracts as databases to enable the exchange of information between the platform and other systems that store data, for example, about employees and employment, as well as clients and orders.

The company is particularly focused on improving the handling of employee contracts by offering companies its Employee Contract Platform. 

“When it comes to employment contracts, Pergamin accelerates the whole process by 10x while reducing preparation costs by 75 percent and recovering two-thirds of each HR manager’s workload,” said Jakub Barwaniec, co-founder and CEO of Pergamin.

US OnDean Forward makes first European investment

Pergamin has secured a $3M (€2.7M) investment from their new strategic investor OnDean Forward. The company aims to build a global contract automation platform, drive product development and expand its presence both in Poland and in new international markets.

“Expanding beyond Poland, we focus on CEE markets, Hungary, Romania, and the Czech Republic, due to similar labor laws and e-signature practices ideal for our digital contract solutions. We aim to leverage local partnerships in these markets to facilitate a smoother entry. Starting with a partnership approach allows us to validate the market with lower upfront investment,” clarified Antoni Wedzikowski, Co-Founder & Chief Revenue Officer at Pergamin, for The Recursive.

OnDean Forward has made its first non-US investment in Pergamin after backing five American legaltech companies. OnDean Forward has Andrew Sieja (founder of Relativity, a Polish/Chicago unicorn) and Marcin Wojtczak (former executive at Relativity and Bain) among major LPs.

Sources: TheRecursive