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(Munich, February 18, 2022) The tech start-up top.legal has completed its second round of financing with well-known investors. In total, an amount in the seven-figure range was collected, which reinforces the company's continued growth course. With the funds raised, top.legal wants to invest in the further development of its AI. It is intended to help entrepreneurs make better decisions in the negotiation phase of contracts based on data.
With the closing, young LegalTech from southern Germany joins numerous successful financing reports in the area of contract process automation: At home and abroad, the financing volume in this area rose to over 30 million US dollars in the first months of the new year.
Alexander Baron, founder and managing director of top.legal GmbH, reports: “We are delighted with the commitment of renowned investors, who all share our vision of digital contract processes beyond electronic signatures. The current round of financing gives us the opportunity to further establish top.legal as a secure and convenient tool for negotiating and drafting contracts. In doing so, we are creating the basis for more valuable relationships between contracting parties and between stakeholders within companies.”
A new start for the contract system
In the German contract business, the Munich-based software is intended to put an end to inefficient contract processes, superfluous coordination rounds, complicated legal language and differences between legal department and sales.
Numerous medium-sized companies and software houses already rely on top.legal. Your goal is to harmonize offer and contract templates and to enable sales staff to draw up contracts even without involving the legal department and long waiting times. Thomas Volk, tech investor and former CEO of CANCOM SE, confirms:”I am deeply convinced of the TOP.LEGAL software. In my many years of experience, I have repeatedly noticed the problem of lack of consistency in contracts. The associated delays in the conclusion of customer orders have often had a negative effect on the result. I'm happy that top.legal is finally solving this issue.
Faster, more personalized contract processes
With its software, top.legal not only facilitates complex coordination during contract negotiations. The company is also paving the way for the various contracting parties to better negotiation results and secure digital deals: All processes take place in cloud environments on German servers.
In addition, the company, which consists primarily of software engineers, has set itself the goal of bringing more direct contact and personal cooperation into contracts. For this purpose, accompanying information about the sold product can be integrated into the respective documents at any time — for example via personal videos or explanations.
More information: https://www.top.legal
