Estonian legal tech startup Avokaado has secured €1.2 million in funding, with Tera Ventures as the lead investor. Avokaado's approach revolves around a
Made in Emerging Europe: Loc.tax, Avokaado, ZELF, Katana
March 1, 2021
Emerging Europe’s start-up scene is thriving: new money is pouring into the market all the time. To keep you up to date with the latest investments, innovations, movers and shakers, each Monday
Emerging Europe brings you a handy round-up of the region’s start-ups which closed financing rounds over the previous seven days.
Co-founders Hans Kayaert, Kasparas Aleknavicius, Bart Van Remortele and Stevi Frooninckx.
Belgian-Lithuanian Loc.tax is disrupting tax management
Founded by a team from Lithuania and Belgium, and headquartered in London, Loc.tax is a company offering collaborative tax management.
Editor
Avokaado, a contract lifecycle management platform (CLM) from Estonia, announces a €700K pre-seed round, including Hong Kong’s ParticleX as a strategic investor. Avokaado was founded by legal tech innovator Mariana Hagström in 2016, after experiencing significant inefficiencies in service delivery during her extensive career as an attorney-at-law and managing partner at a law firm.
What initially started out as a DIY product providing access to a repository of legal documents has now developed into a comprehensive self-service automation tool for law firms and corporations who are looking to improve their in-house document workflow management. The CLM platform brings up to 80% of efficiency growth to legal, sales and HR departments, as reported by Avokaado s existing users.
Estonian legal technology innovator Avokaado expands into banking Continental Europe News Editor
Estonia’s flagship legal tech startup Avokaado announced cooperation with Swedbank, the largest Nordic-Baltic banking group, bringing automated contract lifecycle management to the traditional banking sector.
Through the partnership, Swedbank invites business customers to draft, negotiate, sign and store contracts online on the Avokaado platform that reduces time spent on working with documents from hours to minutes, as reported by existing Avokaado users.
„We at Swedbank are driven by helping the Estonian companies to grow. Through the years we have promoted financial literacy and entrepreneurship. We believe working along with Estonian startups, like Avokaado, will bring great value to our business customers in taking the digital leap towards data-driven contract processes,“ said Aira Nigul-Lepp, Head of Business Banking Department at Swedbank in Estonia, wh