Pactum Raises $20M in Funding


Pactum, a Mountain View, CA-based business negotiation technology company, raised $20M in funding.

The round was led by 3VC, with participation from new investors NordicNinja VC and Maersk Growth, and existing investors Atomico, Project A, Metaplanet, and Taavet+Sten.

The company intends to use the funds to further expand in the U.S. and Europe, and accelerate investment in its capabilities across logistics, intelligent contract optimization and retail item-level merchandising operations.

Led by CEO Martin Rand, Pactum helps global companies to digitally conduct personalized commercial negotiations on a massive scale. The solution, which leverages digital bots that learn over time, creates a fast and responsive environment for users to digitally negotiate deals with thousands of suppliers at a time, leading to productivity gains, cost-reductions and stronger terms for all parties. 

The company works with $5B+ revenue companies, including many top Fortune 500 organizations such as Walmart and Maersk.

The company is based in Mountain View with engineering and operations in Estonia.