Polish legal tech startup Pergamin has secured a significant investment of PLN 11 million (approximately $3 million) from OnDean Forward, a strategic investor with a reputation for building global leaders in the contract management space. Founded by Andrew Sieja and Marcin Wojtczak, the creators behind the success of the American legal tech giant Relativity, OnDean Forward’s capital and expertise will support Pergamin’s ambitious goal to become a global player in contract automation.

Pergamin: Streamlining Contract Management

Founded in 2017 by Jakub Barwaniec, Piotr Łuczak, and Antoni Wędzikowski, Pergamin has made strides in the contract management field by automating key processes that medium and large companies face daily. The platform allows companies to create, negotiate, and sign contracts faster and more securely, while also simplifying the management of documents. Pergamin’s unique approach transforms contracts into databases that integrate with other systems, making it easier to store and retrieve employee, customer, and order information. This innovation helps streamline operations and increase efficiency.

One of Pergamin's primary offerings is the Employee Contract Platform, which targets businesses looking to simplify the management of employment contracts. The company estimates that manual, paper-based contract processes cost Polish companies up to PLN 3 billion annually. By automating these procedures, Pergamin not only accelerates the signing of contracts by a factor of ten but also reduces the cost of managing contracts by up to 75%, significantly lightening the load for HR teams.

Client Base and Market Penetration

Pergamin's track record speaks volumes. Since its inception, the company has acquired over 130 paying clients, spanning industries and countries, and accumulated more than 120,000 registered users. The platform has processed approximately 400,000 contracts. Among its clientele are prominent international companies such as Bolt, Heimstaden, Renault Trucks, Toyota Material Handling, Vienna Insurance Group, Volvo Trucks, and Westwing.

Pergamin’s growth has been driven by its ability to address key pain points for businesses that need efficient, secure, and scalable solutions for handling contracts. By simplifying legal workflows and ensuring seamless integration with other systems, Pergamin has positioned itself as a leader in the Polish market.

OnDean Forward's Investment and Strategic Vision

The recent investment by OnDean Forward is a testament to Pergamin’s potential to disrupt the contract management industry not only in Poland but also globally. The $3 million capital injection will fuel Pergamin’s product development, particularly the incorporation of AI-driven features to enhance contract automation. Moreover, OnDean Forward’s strategic backing will help Pergamin expand its market presence beyond Poland, to become a regional leader in Europe and eventually a global contender.

OnDean Forward, led by Andrew Sieja and Marcin Wojtczak, brings deep expertise in the legal tech sector. Sieja, the founder of Relativity, and Wojtczak, its former Chief Growth Officer, built Relativity into one of the leading eDiscovery platforms in the world, serving over 300,000 users from 40 countries. OnDean Forward’s experience in the fast-paced US legal tech landscape is expected to be pivotal in shaping Pergamin’s journey to becoming a global player.

In a statement, Wojtczak emphasized the enormous potential for digital contract management solutions in Europe, where traditional paper-based processes still dominate. He expressed confidence that Pergamin has the capabilities to lead the transition from outdated methods to modern, automated systems, positioning itself as a frontrunner in both the local and international markets.

Future Plans and Market Impact

With the new funding round the company is gearing up for the next stage of its development. Pergamin plans to expand its development and sales teams, enabling it to introduce new features and products that cater to a broader audience. Additionally, the company aims to scale its operations across Europe, tapping into the growing demand for contract automation solutions among large enterprises.

The backing of OnDean Forward marks Pergamin’s first international partnership, signaling the company’s intentions to go beyond Poland and establish a presence in new markets. By leveraging the expertise and network of its new investors, Pergamin is well-positioned to take advantage of the rapid growth in the legal tech sector and achieve its vision of becoming a global leader in contract management.

Pergamin’s $3 million investment from OnDean Forward represents a crucial milestone in the company's journey toward building a world-class contract automation platform. With its innovative approach to legal document management, a growing client base, and strategic support from seasoned legal tech investors, Pergamin is set to revolutionize the way companies handle contracts. As the legal tech sector continues to expand globally, Pergamin’s ambitious plans and strong foundation suggest that it is well on its way to becoming a key player on the global stage.