Straight outta Gothenburg, digital contracting platform Precisely has received a €1.8 million investment led by Amsterdam-based VC fund Peak Capital. Precisely will use the investment to expand its team, further develop its product and accelerate international growth.
Precisely founder and CEO Nils-Erik Jansson is a former business lawyer who has, since 2014, been building a platform that helps his past profession. “I know all about the pain of handling contracts manually,” he says.
Precisely improves full contract workflow, from drafting and negotiating, to signing and managing contracts. The software is commonly used in HR, sales, and procurement, and can help reduce time spent by 80 percent. The Swedish company serves over 200 clients worldwide, focusing primarily on legal teams rather than law firms. According to Jansson the product is built for enterprise clients, but has also seen adoption by smaller companies that operate digital-first.
Now with new money in the bank, the plan is to scale rapidly and expand the product by digitising other legal processes.
Photo: Founder and CEO Nils-Erik Jansson