Avokaado
Document creation, automation and management platform #legaltech #contractbuilder #documentmanagement.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | €1.2m | Seed | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 410 % | 554 % | 64 % | 4 % | 160 % | 81 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (100 %) | (83 %) | (37 %) | (21 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (541 %) | (88 %) | (102 %) | (85 %) | (39 %) | (22 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Avokaado is an Estonian-based legal technology company that provides an operational intelligence platform for contract lifecycle management (CLM). Founded in 2016 by former attorney-at-law Mariana Hagström and serial entrepreneur Jean Mauris, the company was born from Hagström's first-hand experience with the inefficient and cumbersome processes of traditional contract management. Avokaado aims to centralize and streamline document workflows, positioning its CLM to be a single source of truth for corporate documents, similar to how CRM systems function for customer data.
The company's core offering is an all-in-one platform that enables legal, HR, sales, and procurement teams to manage the entire lifecycle of contracts and other business-critical documents. The platform's business model operates on a SaaS basis, with tiered pricing plans, including a freemium option, designed to scale with a company's needs. It serves a diverse client base of medium-to-large enterprises across sectors such as telecommunications, finance, retail, and hospitality, with notable clients including Swedbank, TELE2, and Radisson.
A key component of Avokaado's technology is its proprietary smart document format, aDoc. This format transforms static documents into dynamic, data-rich assets by structuring clauses, metadata, and workflows into unified, interactive layers. This allows for the automation of drafting, negotiation, and execution processes. The platform features include a clause library for consistency, smart templates, digital signing, and a centralized, secure document drive. Avokaado's AI capabilities help extract critical data from existing contracts to manage risks and track obligations proactively. Since its inception, Avokaado has secured over $2.14 million in funding through multiple rounds, including a significant Series A investment led by Tera Ventures, to fuel its expansion across Europe.
Keywords: contract lifecycle management, CLM, legal technology, document automation, operational intelligence, aDoc, contract management software, SaaS, digital signature, compliance management, workflow automation, legal operations, procurement automation, HR documents, sales contracts, clause library, document drafting, Mariana Hagström, legal-tech, contract data extraction