Berlin – While working at SMP, members of the YPOG team advised early-stage investor and operational VC Project A on its investment in the AI platform Pactum as part of its recent Series A financing round. US co-counsel was Raoul Duggal of Buhler Duggal & Henry. Pactum, incorporated in Mountain View, California, and with its operations based out of Estonia, has raised another $11 million (approx. €9.1 million) of venture capital in this round to fund its further expansion. The round was led by London based VC 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.
"Having seen the impressive IPO of Uipath from Romania just a few days ago, Pactum is on its way to become another Eastern European success story. It is great to see tech companies from this region continue to thrive on the global market – which also benefits investors from early financing rounds," says partner Benjamin Ullrich.
Advisors Project A:
Dr. Benjamin Ullrich, Partner
Dr. Martin Schaper, Partner
Project A
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.
Pactum
Pactum is an Estonian-founded artificial intelligence platform. 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.
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
