Polish startup Pergamin, which automates contract management in companies, has gained another strategic investor OnDean Forward. The firm has invested $3 million in the Polish company helping it grow as a regional leader and build a global platform. The participants told AIN the details of the deal.

About Pergamin

  • Founded in 2017 by Jakub Barwaniec, Piotr Łuczak, and Antoni Wędzikowski, Pergamin is a legaltech company.  It streamlines and secures contract management in medium and large companies by automating contract creation, facilitating negotiations, speeding up signing, and increasing the security of critical business document processing.

  • Pergamin estimates that in Poland alone manual and often paper-based processes related to employee legal contract management cost medium and large companies up to €700 million annually.

  • To date, Pergamin has acquired over 130 paying clients, ranging from small and medium-sized businesses to international corporations. They have over 120,000 registered users and around 400,000 processed contracts. 

  • Among Pergamin’s clients are Bolt, Heimstaden, Renault Trucks, Toyota Material Handling, Vienna Insurance Group, Volvo Financial Services, Volvo Trucks, and Westwing.

Investment details

The latest funding round from OnDean Forward increases the total value of financing obtained by Pergamin from investors to approximately $5 million.

  • Before that Pergamin raised  $800,000 from JR Holding and Nunatak Capital fund in January 2021.

  • And in June 2022,  the company secured $1.2 million in seed capital provided by Sunfish Partners, DFRI, and FundingBox.

OnDean Forward, a private family office, was founded by Andrew Sieja and Marcin Wojtczak. The fund has already invested in 5 American legaltech companies. Pergamin is their first direct investment outside the US.

"Legaltech in the US is a fast-growing industry, and digital contract management solutions are already critical for the largest global corporations. This trend is also happening in Europe, but in Europe the word processor and printer still play a leading role. Pergamin has a real potential to change this. We intend to leverage our experience from growing Relativity and from investing in the American legaltech ecosystem to help Pergamin deliver on this promise. We believe that Pergamin will quickly become a leader in our country and in the region, and then a global player," says Marcin Wojtczak, a new investor in Pergamin.

With the support of OnDean Forward and its $3 million investment, Pergamin aims to build a global contract automation platform. The new strategic investor will assist the company in product development and extending its reach within Poland and to new markets.