Fynk has raised €3.1 million in a seed round led by 3VC, with participation from 10x Founders and our existing investors. This funding is a significant step toward transforming how businesses manage their legal documents. The idea for Fynk emerged in late 2021 during a retreat in the Dolomites. After experiencing the challenges of managing legal documents at Prescreen.io, we sought to create a better solution. We launched Fynk in April 2022, reuniting our original team.
Traditional contract management systems are often complex and inadequate for non-legal teams. At Fynk, we provide AI-driven workflows that simplify contract creation, review, signing, and analysis, making enterprise-level tools accessible to all. Our close-knit team, made up of experts we've collaborated with before, has been essential to our growth. We outgrew our first office and secured a €1.25 million pre-seed round to enhance our platform based on user feedback.
Choosing supportive investors was vital. Peter Lasinger from 3VC and the 10x Founders team have become impactful partners, sharing our vision and commitment. Today, Fynk serves over 100 international companies, saving them up to 90% of the time spent on contract tasks. The “Fynk effect” drives organic adoption across teams within organizations.
With our €3.1 million funding, we plan to accelerate product development and expand globally. Our platform is available in German and English, and we aim to enhance AI integration. Engaging with influential figures in the VC ecosystem has been invaluable. We are eager to shift into execution mode and fulfill our commitments.
