Agree.com, an all-in-one platform for agreements, has successfully closed a $3m pre-seed funding round led by Better Tomorrow Ventures.
The funding round also had participation from 8-Bit Capital, Everywhere Ventures, Expedite Ventures, Firsthand Alliance, Hustle Fund, NEA, Singh Capital Partners, and Trust Fund. The investment will be used to enhance Agree’s capabilities in integrating e-signatures, contract development, invoicing, and payment processes into a single platform.
The existing process for handling agreements often involves multiple steps and disparate tools. Agreements are typically revised several times before being uploaded to an e-signature platform, with payments processed separately through additional invoicing tools. Agree.com addresses these issues by combining generative AI and optical character recognition to streamline the entire process.
The platform enables users to manage contracts, receive payments via ACH, credit cards, or wire transfers, and synchronise financial transactions with major accounting software.
Agree.com was founded by Marty Ringlein and Will Hubbard, who drew on their previous experiences with contract management and financial transactions to develop the platform.
Both founders noted the inefficiencies and challenges they faced with existing systems and decided to create a solution that consolidates the agreement and payment process into one platform. They conducted market research, which confirmed that their frustrations were shared by contractors, small business owners, startups, and large enterprises alike.
Agree.com CEO and co-founder Marty Ringlein said: “The process that exists today when dealing with e-signatures and payments is completely disjointed and prone to financial losses.
“We believe everyone should be able to form a contract where all parties can collaborate and see in real-time what changes have been made while also transacting on those agreements. With Agree, consumers can now complete all these tasks using one platform.”
Agree.com’s team comprises fintech professionals with experience in accounting, banking, compliance, cybersecurity, and fraud solutions.
Sheel Mohnot, co-founder of Better Tomorrow Ventures, highlighted the team’s product expertise and their potential to innovate within an industry that has seen little advancement over the past two decades.
Mohnot said: “We were impressed by their ability to build and scale meaningful products and their drive to solve a universal problem millions of consumers face when creating a contract and receiving payment.”
The platform uses AI to extract critical information from contracts, such as names, titles, addresses, and payment terms, and can automatically generate and issue invoices. It also supports real-time collaboration on contract edits.
Agree.com launched its beta platform earlier this year and has been working with early-stage founders and venture capital firms to facilitate simple agreements for future equity (SAFE) contracts. The company plans to offer its e-signature feature free of charge and introduce an enterprise version with additional features, including accounts receivable automation, ERP, CRM integrations, and a customisable API, by the end of the year.
The newly acquired funding will support the expansion of the platform’s features and the growth of the engineering and product teams.
