Avokaado, a Tallinn, Estonian-based legaltech startup focused on simplifying contract creation and management, secured €1.2 million in funding.

SaaS Investors

The round was led by Tera Ventures.

Tera Ventures is an Estonian venture capital firm investing in early-stage global digital startups. The firm seeks to invest in digital startups operating in Estonia, Denmark, Sweden, Finland, Latvia, Lithuania, Poland, and the Czech Republic.

Avokaado Use of Funds

The funding will support the development and deployment of the AI-driven feature and further enhance Avokaado's platform.

About Avokaado

Founded by Jean Mauris, Avokaado developed an automation platform that streamlines document and contract management processes. The company empowers companies to maintain a single source of truth for all their contracts and data on a single platform. Avokaado has successfully built a user base of over 20,000 customers, including notable companies such as BITĖ Group, TV3 Group, Radisson, Tele2, Coolbet, and Starship. The startup's services are used across the Baltics, Nordics, and the United States.

Funding Details

Company: Avokaado OÜ

Raised: €1.2M

Round: Unknown

Funding Month: September 2023

Lead Investors: Tera Ventures

Additional Investors:

Company Website: https://avokaado.io/ 

Software Category: Contract Creation and Management

Source: https://tech.eu/2023/09/13/estonian-startup-avokaado-raises-1-2m-contract-management/