Agree.com Agrees on $3 Million Pre-Seed Round

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fagree&period;com&percnt;2F&amp&semi;esheet&equals;54118249&amp&semi;newsitemid&equals;20240905939143&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Agree&amp&semi;index&equals;1&amp&semi;md5&equals;6ed51c1df1d79b529ceab0e7b596491d" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Agree<&sol;a>&comma; an all-in-one agreements platform that seamlessly integrates money movement&comma; has announced a &dollar;3 million pre-seed round&period; The round was led by Better Tomorrow Ventures with participation from 8-Bit Capital&comma; Everywhere Ventures&comma; Expedite Ventures&comma; Firsthand Alliance&comma; Hustle Fund&comma; NEA&comma; Singh Capital Partners&comma; and Trust Fund&period; With this investment&comma; the company aims to become an end-to-end agreements platform that allows consumers to securely send&comma; sign&comma; and automatically generate invoices and payments from any agreement&period;<&sol;p>&NewLine;<p>Today&comma; the experience of going from an agreement to a signature to payment fulfillment is highly fragmented&period; Typically&comma; an agreement goes through multiple revisions before it’s uploaded to an e-signature platform&period; If payment is required as part of the agreement&comma; the process is done separately using additional invoicing tools&period; Agree’s platform&comma; which leverages generative AI and optical character recognition&comma; removes this friction by integrating the e-signature process&comma; contract development&comma; invoicing&comma; and payment all in one platform&period; With Agree&comma; consumers can receive payment through ACH&comma; credit cards&comma; or wire transfers and sync their financial transactions with all major accounting software&period;<&sol;p>&NewLine;<p>&lbrack;<strong>Photo above<&sol;strong>&colon; Co-founders&comma; Will Hubbard and Marty Ringlein&rsqb;<&sol;p>&NewLine;<p>The inspiration for the platform came from Marty Ringlein and Will Hubbard&comma; two former founders with prior exits and early-stage investors&comma; who experienced firsthand the many pain points of forming a contract and moving money when working with founders&period; In an effort to find a solution&comma; both Ringlein and Hubbard looked for platforms to use but instead discovered organizations were left to duct-tape their own agreement and payment workflow&period; That’s when Ringlein and Hubbard decided to build an all-in-one agreements platform&period; They first started with market research to validate whether their own frustrations with agreements and money movement were a common pain point&period; After speaking to contractors&comma; small business owners&comma; startups&comma; and large enterprise companies&comma; they quickly learned their frustrations were not uncommon&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The process that exists today when dealing with e-signatures and payments is completely disjointed and prone to financial losses&comma;” said Marty Ringlein&comma; CEO and co-founder of Agree&period; &OpenCurlyDoubleQuote;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&period; With Agree&comma; consumers can now complete all these tasks using one platform&period;”<&sol;p>&NewLine;<p>Behind the company is a team of fintech veterans who have developed accounting&comma; banking&comma; compliance&comma; cybersecurity&comma; and fraud solutions for companies such as Brex&comma; Eventbrite&comma; and Plaid&period; According to Sheel Mohnot&comma; co-founder of Better Tomorrow Ventures&comma; the team&&num;8217&semi;s product background gives them a unique advantage in transforming an industry that’s seen minimal innovation in the past two decades&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Upon meeting the team&comma; 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&period; What we have today is an antiquated system that requires consumers to piece together multiple products&comma; which&comma; quite frankly&comma; is inefficient and a missed opportunity among some of the companies that have been doing this for decades&period; 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&period;”<&sol;p>&NewLine;<p>To help consumers throughout a contract lifecycle and beyond&comma; Agree has developed an infrastructure powered by AI that automatically extracts critical information from a contract&comma; such as names&comma; titles&comma; addresses&comma; and payment terms&comma; and can generate and issue an invoice&period; The platform also allows users to collaborate with multiple parties in real-time when editing a contract&period; &OpenCurlyDoubleQuote;Our goal is to make it easy for all consumers to draft an agreement&comma; send it&comma; sign it&comma; create an invoice&comma; and securely collect payment&comma;” said Will Hubbard&comma; co-founder of Agree&period; &OpenCurlyDoubleQuote;We envision a world where contracts and payments are no longer a tedious burden and instead become a seamless experience&period;”<&sol;p>&NewLine;<p>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 &lpar;SAFE&rpar; contracts&period; 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&comma; enterprise resource planning &lpar;ERP&rpar;&comma; CRM integrations&comma; and an API for customizable workflows by the end of the year&period;<&sol;p>&NewLine;<p>The funding will be used to expand the platform&&num;8217&semi;s features and grow the team across engineering and product&period;<&sol;p>&NewLine;

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