PocketLaw, a Swedish startup, contract automation SaaS legal tech platform that is mainly focused on SMEs, raised €10 million ($11 million) in a Series A funding round led by European VC firm, Atomico, bringing the startup’s total raised since being founded back in 2018 to €14 million.
The Series A also includes backing from a number of founders and operators including Personio co-founder Hanno Renner and COO Jonas Rieke; Pitch founder Christian Reber; Pleo co-founder Jeppe Rindom; Gloria Baeuerlein and the dbt Labs board member and former Gainsight COO, Allison Pickens. Existing PocketLaw investors, including Kinnevik’s Cristina Stenbeck and Susanna Campbell, also participated in the round.
This fresh funding will go on expanding its operations across Europe, including by growing its team across legal, technical, and operational areas to support the growth sprint.
Ben Blume, a partner at the venture capital firm, is joining the board as part of the investment.
Company: PocketLaw Limited
Round: Series A
Funding Month: May 2022
Lead Investors: Atomico
Additional Investors: Jonas Rieke, Christian Reber, Jeppe Rindom, Gloria Baeuerlein, Allison Pickens, Kinnevik’s Cristina Stenbeck and Susanna Campbell
Company Website: https://pocketlaw.com/
Software Category: Contract Creation and Management
About the Company: Founded in 2018 by Olga Beck-Friis and Kira Unger, PocketLaw is a SaaS platform for contract creation and management with hundreds of templates that empowers every team within an organization to create contracts and navigate legal needs. PocketLaw’s automation guides users along every step of their legal creation journey. From discovering and navigating legal needs to suggesting actions to take on documents and contracts, PocketLaw claims to make legal intuitive, easy, and accessible. Currently, the company helps more than 1,000 SMEs and startups across Europe to optimize their legal processes, including BabyBjorn, Voi, Kry/Livi, and Estrid.