Agree.com Raises $3M to Launch AI-powered Agreements with Unlimited Free E-Signature and Automated Invoicing
September 06 2024 - 7:36AM
Business Wire
Agree, an all-in-one agreements platform that seamlessly
integrates money movement, has announced a $3M pre-seed round. The
round was led by Better Tomorrow Ventures with participation from
8-Bit Capital, Everywhere Ventures, Expedite Ventures, Firsthand
Alliance, Hustle Fund, NEA, Singh Capital Partners, and Trust Fund.
With this investment, the company aims to become an end-to-end
agreements platform that allows consumers to securely send, sign,
and automatically generate invoices and payments from any
agreement.
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Co-founders, Will Hubbard and Marty
Ringlein (Photo: Business Wire)
Today, the experience of going from an agreement to a signature
to payment fulfillment is highly fragmented. Typically, an
agreement goes through multiple revisions before it’s uploaded to
an e-signature platform. If payment is required as part of the
agreement, the process is done separately using additional
invoicing tools. Agree’s platform, which leverages generative AI
and optical character recognition, removes this friction by
integrating the e-signature process, contract development,
invoicing, and payment all in one platform. With Agree, consumers
can receive payment through ACH, credit cards, or wire transfers
and sync their financial transactions with all major accounting
software.
The inspiration for the platform came from Marty Ringlein and
Will Hubbard, two former founders with prior exits and early-stage
investors, who experienced firsthand the many pain points of
forming a contract and moving money when working with founders. In
an effort to find a solution, both Ringlein and Hubbard looked for
platforms to use but instead discovered organizations were left to
duct-tape their own agreement and payment workflow. That’s when
Ringlein and Hubbard decided to build an all-in-one agreements
platform. They first started with market research to validate
whether their own frustrations with agreements and money movement
were a common pain point. After speaking to contractors, small
business owners, startups, and large enterprise companies, they
quickly learned their frustrations were not uncommon.
“The process that exists today when dealing with e-signatures
and payments is completely disjointed and prone to financial
losses,” said Marty Ringlein, CEO and co-founder of Agree. “We
believe everyone should be able to form a contract where all
parties can collaborate and see in real-time what changes have been
made while also transacting on those agreements. With Agree,
consumers can now complete all these tasks using one platform.”
Behind the company is a team of fintech veterans who have
developed accounting, banking, compliance, cybersecurity, and fraud
solutions for companies such as Brex, Eventbrite, and Plaid.
According to Sheel Mohnot, co-founder of Better Tomorrow Ventures,
the team's product background gives them a unique advantage in
transforming an industry that’s seen minimal innovation in the past
two decades.
“Upon meeting the team, we were impressed by their ability to
build and scale meaningful products and their drive to solve a
universal problem millions of consumers face when creating a
contract and receiving payment. What we have today is an antiquated
system that requires consumers to piece together multiple products,
which, quite frankly, is inefficient and a missed opportunity among
some of the companies that have been doing this for decades. We
couldn’t be more excited to join Marty and Will in their journey to
building a product that will change how agreements and payments are
done.”
To help consumers throughout a contract lifecycle and beyond,
Agree has developed an infrastructure powered by AI that
automatically extracts critical information from a contract, such
as names, titles, addresses, and payment terms, and can generate
and issue an invoice. The platform also allows users to collaborate
with multiple parties in real-time when editing a contract. “Our
goal is to make it easy for all consumers to draft an agreement,
send it, sign it, create an invoice, and securely collect payment,”
said Will Hubbard, co-founder of Agree. “We envision a world where
contracts and payments are no longer a tedious burden and instead
become a seamless experience.”
The company launched its beta platform early this year and has
been working with several early-stage founders and venture capital
firms to facilitate simple agreements for future equity (SAFE)
contracts. Agree says it plans to provide its e-signature feature
to all consumers at no cost and will introduce an enterprise
offering with accounts receivable automation, enterprise resource
planning (ERP), CRM integrations, and an API for customizable
workflows by the end of the year.
The funding will be used to expand the platform's features and
grow the team across engineering and product.
About Agree.com
Agree is on a mission to transform how contracts and payments
come together with its AI-driven all-in-one agreements platform,
which allows consumers and businesses to securely send, sign, and
automatically generate invoices and payments from any agreement.
The company is based in San Francisco and was founded in 2024 by
Marty Ringlein and Will Hubbard, two former engineers and
early-stage investors with more than 30 years of combined
experience in product building.
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version on businesswire.com: https://www.businesswire.com/news/home/20240905939143/en/
For media inquiries, contact: marty@agree.com