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Estonia-based Avokaado secures €700K to automate contract lifecycle management - Legal IT Professionals

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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. ....

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