SMP advised Project A on the deal, while Ellex Raidla and Wilson Sonsini Goodrich & Rosati advised Atomico.
Pactum, a platform that leverages AI to automatically negotiate supplier contracts for enterprises, has raised $11 million in a series A round of funding led by Atomico.
Among Project A, also the investors Jaan Tallinn, Ott Kaukver, Taavet Hinrikus and Sten Tamkivi participated.
Pactum was founded in 2019 by Kaspar Korjus, Martin Rand and Kristjan Korjus and is an artificial intelligence platform that enables companies to automate personalised commercial negotiations. Its AI automates contract negotiations between businesses and their suppliers and solutions providers. It can complete complex negotiations in just a few clicks and find an agreement for both parties in as little as 15 minutes.
Project A is an operational VC that provides capital, network, and exclusive access to a wide range of operational expertise. The Berlin-based investor with $500 M assets under management backs early-stage companies in the digital technology space.
The SMP team included Dr. Benjamin Ullrich (Picture) and Dr. Martin Schaper.
Ellex Raidla’s team included Counsel Antti Perli, Senior Associate Hanna Pahk, and Associate Merlin Liis.
Wilson Sonsini Goodrich & Rosati’s team was led by Partner Stacy Kim.
Involved fees earner: Merlin Liis – Ellex; Hanna Pahk – Ellex; Antti Perli – Ellex Raidla; Martin Schaper – Freshfields Bruckhaus Deringer LLP; Benjamin Ullrich – Schnittker Möllmann Partners; Stacy Kim – Wilson Sonsini Goodrich & Rosati;