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. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
