Cloud-Based Contracting Platform Secures $5.5 Million Series A

PactSafe completed a $5.5 million Series A funding round co-led by Mercury Fund and Signal Peak Ventures, along with repeat investors Elevate Ventures and Vulpes Testudo.

Since its launch in 2015, PactSafe’s goal has been to make contracts a seamless part of doing business for thousands of companies with an approach that goes beyond traditional e-signatures. Currently, the platform provides customers the ability to populate information from any system directly into a contract, and track contracts in real-time via a mobile-responsive experience. Its industry-first click-through workflow API, which is used by TiVo, Upwork, and Angie’s List to power self-service online contracts, allows users to process high velocity legal agreements with PactSafe’s modern workflow and innovative signing methods, which include click-to-accept and text-to-sign.

PactSafe plans to use the funds to expand its reach further into enterprise SaaS, ecommerce markets, and other verticals, while the product team will focus on continued development of its high-velocity contracting solution.