PactSafe, an Indianapolis-based, cloud contracting platform, completed a $5.5m Series A funding round.
The round was co-led by Mercury Fund and Signal Peak Ventures, along with repeat investors Elevate Ventures and Vulpes Testudo.
The company intends to use the funds to expand its reach further into enterprise SaaS, ecommerce markets and other verticals.
Led by Brian Powers, CEO and Founder, PactSafe is an API-first software company that specializes in getting contracts signed electronically at high velocity and massive scale. Currently, the platform provides them with the ability to populate information from any system directly into a contract and track contracts in real-time via a mobile-responsive experience.
The solutions are used by customers like Angie’s List, CDW and TiVo to protect their legal and business records.