Common Paper, the SaaS company created by technologists Jake Stein and Ben Garvey to streamline legal contracts in tech transactions, launches to the public after about six months in a beta phase, comes paired with a $4.5 million seed funding.
The round was co-led by Boldstart Ventures and Uncork Capital, with participation from a group of angel investors, including the CEOs of Carta and UIPath, the founders of TechGC, and Philly-based Crossbeam’s Bob Moore.
Much of the round will go toward supporting the 2022 RealLIST Startups honoree’s growth.
Company: Common Paper, Inc.
Raised: $4.5M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Boldstart Ventures and Uncork Capital
Additional Investors: CEOs of Carta and UIPath, the founders of TechGC, and Philly-based Crossbeam’s Bob Moore
Company Website: https://commonpaper.com/
Software Category: structured contract platform
About the Company: Founded in 2020, Common Paper is a SaaS company created by technologists Jake Stein and Ben Garvey to streamline legal contracts in tech transactions. Common Paper is the structured contract platform that helps you close faster by building, negotiating, and signing contracts that both sides can make sense of. Common Paper is a software platform that streamlines contract negotiation while building tech products. The team aims to create something that would allow “everyone in the software industry to know what to expect every time.” It aims to cut down on the drudgery so colleagues and clients can close their deals faster, and has two tracks, a hosted web application to make people more productive, and the legal agreements themselves.
Source: https://technical.ly/startups/common-paper-seed-round-launch/