Fundz

Formality raised €8M in a funding round led by Partech and Serena to enhance its AI-powered contract management platform.

PRIVATEOct 02, 2024

Amount Raised

€8 Million

Round Type

Funding Round

ParisSoftwareArtificial Intelligence

Investors

BpiPartechSerena

Description

Paris-based startup Formality has secured €8 million to develop its AI-driven contract management services for clients and suppliers. The funds will help expand their sales team, accelerate technology advancements, and prepare for entering the American market in 2025.

Quick answer

Formality raised €8 Million in a Funding Round round, dated October 2, 2024. Investors: Bpi, Partech and Serena. Formality is based in Paris, Ile-de-France, France.

How much did Formality raise?
Formality raised €8 Million in a Funding Round round on October 2, 2024.
Who invested in Formality?
Bpi, Partech and Serena are named as investors in this round.
What does Formality do?
Formality is the premier AI solution for managing legal documents.
Where is Formality based and how big is it?
Formality is based in Paris, Ile-de-France, France.
Who are the decision-makers at Formality?
Fundz holds 1 contact at Formality. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Formality

Location

Paris, Ile-de-France, France

About

Formality is the premier AI solution for managing legal documents. Your company's expansion is bringing some chaos. Files are a mess with confusing names, access rights are tricky to navigate, and we're even missing contract renewals! Formality seamlessly centralizes all your legal documents. By harnessing the power of artificial intelligence, the platform ensures instant access to the latest versions, rapid information retrieval, and timely alerts for important dates, eliminating the risk of errors.


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