fynk, an AI-powered contract management software, has closed €3.1 million (~$3.4 million) in a seed round led by 3VC, with co-investment from 10x Founders. In May 2024, the company raised €1.25 million (~$1.4 million) in pre-seed funding.
fynk plans to use the latest funding to accelerate product development and grow its presence internationally. The company is also investing in better AI integration and building more connections with business tools its customers rely on.
In a recent post, Constantin Wintoniak, Co-founder & CEO of fynk shared legal documents have been static and cumbersome for too long. Traditional contract management systems are often complex, expensive, and designed for large legal teams, which leaves non-legal teams struggling with inadequate tools. At fynk, the team is changing that by bringing AI-driven legal workflows to non-legal teams, making enterprise-level tools accessible to all businesses. Their goal is not just to streamline processes but also to create an experience that teams genuinely enjoy.
(Image Source: fynk)
About fynk:
fynk enhances contract management by helping teams import, draft, review, track, sign, and analyze contracts. With features like dynamic content, collaborative editing, and electronic signatures, the platform simplifies your workflow. fynk uses AI to analyze contracts, reduce repetitive tasks, automate important section identification, and provide customizable rules for compliance.
