Austrian startup fynk has received €3.1 million in a fresh financing round led by Austrian 3VC and participated by 10x Founders and Hans(wo)men Group. Fynk aims to develop extensive software for contract management that simplifies the process of writing, evaluating, tracking, and signing contracts. 3VC shared the news in its blog post.

About fynk

  • Fynk was founded by Constantin Wintoniak, Dominik Hackl and Markus Presle, who have also founded Prescreen.io, a cloud-based HR platform. 

  • They discovered that large companies struggle with managing legal documents due to the high cost of sophisticated software. That’s why the team launched fynk, a cost-effective solution for small and medium-sized businesses, startups, and agencies. 

  • With hundreds of thousands of documents processed, fynk saves up to 90% of contract-related tasks and establishes a document library for future success.

“The integration of AI technologies into contract management software is a game changer. It simplifies the analysis, content review, and tracking of contracts in ways that were unimaginable until recently. fynk has developed a tool that enables SMEs to implement a modern contract management system, previously accessible only to large organizations with dedicated resources,” explained Peter Lasinger, General Partner at lead investor 3VC, regarding the investment decision.

Investment details

  • The investment round was led by 3VC, a European venture capital fund that invests in carefully picked tech startups with vast drive, starting with Series A. 
  • Existing investors Hansi Hansmann and Lisa Pallweber (Hans(wo)men Group), Moritz Thiele (CoastCap), Personio Co-Founder Ignaz Forstmeier, PlanRadar Founder Domagoj Dolinsek, Latido Founder Stefan Speiser, Alexander Brix (former Head of Operations Europe at Canva), and Kai Romberg, who played a key role in building Hg, Europe's largest tech investor, provided additional financing to the round.

The current funding follows only four months after fynk's successful debut in May 2024, having secured a €1.25 million pre-seed financing round. 

The funds will help the company expedite product development and expand its global market presence. While fynk's present customer base is primarily from the DACH region, its application is offered in both German and English.