Agree.com, an AI-powered e-signature startup, has secured $7.2 million in seed funding to challenge industry leaders like DocuSign and Bill.com. Unlike traditional platforms, Agree.com offers a comprehensive solution by integrating contract signing, invoicing, and payment processing into a single workflow.
Founded in February 2024, Agree.com previously raised $3 million in a pre-seed round led by Sheel Mohnot of Better Tomorrow Ventures. The recent oversubscribed seed round was led by Tyler Hogge at Pelion Venture Partners, with funding completed in just two weeks.
The platform utilizes AI and optical character recognition (OCR) to automatically detect and label contract fields and signature blocks. It can also extract payment terms to dynamically generate invoices, streamlining the traditionally fragmented process of contract execution and payment.
Agree.com’s business model is fintech-oriented, monetizing through transaction fees on payments facilitated by its platform. This approach allows the company to offer e-signatures free of charge, positioning it as a competitive alternative to existing solutions.
Since its launch in September 2024, Agree.com has experienced rapid growth, reaching over 25,000 users, including clients like Beehiiv, Product Hunt, Rho, and TaxGPT. The company offers a premium tier for larger teams with a traditional SaaS fee per seat and plans to monetize invoicing and billing based on transaction volume.
The founding team comprises experienced entrepreneurs, including CEO Marty Ringlein, COO Will Hubbard, and CTO Evan Dudla, all of whom have successfully launched and sold previous startups. Ringlein, for example, sold design agency nclud to Twitter in 2012 and co-founded nvite, which was acquired by Eventbrite in 2016.
With its innovative approach to contract management and payments, Agree.com aims to disrupt the e-signature and invoicing space by offering a more integrated and efficient solution.
