Formality, a Paris, France-based contract management startup, raised $8.9m in funding.
The round was led by Partech and Serena with participation from BPI, the Bank of Public Investment.
The company intends to use the funds to strengthen its sales team, accelerate the development of its technology, and prepare its expansion into the American market.
Led by CEO Eliot Reilhac, Formality provides a platform that secures and automates contract management, centralizes key documents, and ensures real-time tracking of deadlines to avoid unwanted renewals and control costs. This solution eliminates risks associated with contract management and saves time for financial and legal teams to focus on the company’s strategic projects.
Clients include Electra, Resilience, and Lifen.
FinSMEs
07/10/2024