PactSafe Investors Join on $5.5M Funding Boost

Posted: Updated:
(Image courtesy of PactSafe.) (Image courtesy of PactSafe.)
INDIANAPOLIS -

Indianapolis-based PactSafe Inc. has received a $5.5 million round of funding. The digital contract technology company says the investment will help boost its footprint in markets including software-as-a-service and e-commerce. PactSafe closed on a $2.5 million seed round nearly three years ago.

The Series A funding is co-led by Mercury Fund, which has offices in Texas and Michigan, and Signal Peak Ventures of Utah. Indianapolis-based Elevate Ventures and international investor Vulpes Testudo also participated in the round.

Chief Executive Officer and founder Brian Powers says "the problem most businesses face when improving contract workflows - going "all-in" on just e-signatures rarely moves the needle. With this investment, we will continue our history of creating solutions that drive efficiencies and save our customers enormous amounts of time. Since PactSafe's inception, we've processed millions of legal events, allowing our customer to save 1.8 million work hours by using our platform. Our goal is to give companies time and peace of mind back."

The company is in growth mode, detailing progress last year on 2016 plans to add 90 jobs by 2020. PactSafe customers include TiVo, Upwork and Angie's List. You can connect to more about the latest round of funding by clicking here.

  • Perspectives

    • Expand Your Workforce to Include The Deaf Community

      While there are arguably many minority groups that are grossly underutilized in the workforce, I’d wager that most people do not consider the Deaf community when thinking about diversity and inclusion strategies. The Deaf community shares a unique culture that is closely networked, but few employers know how to tap into this community, which comprises 10 percent of the population. In fact, many people probably see barriers for the Deaf community when it comes to employment...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The Union Club Hotel was built in 1929. (photo courtesy of Purdue University)

      $30M Gift to Fund Purdue Hotel Renovation

      Purdue University says it plans to use a $30 million gift to transform an existing building into a world-class hotel. The gift from Bruce White, a Purdue alumnus and former trustee, his wife Beth, and the Dean and Barbara White Foundation, will fund the renovation of the Union Club Hotel, which will also serve as a laboratory learning environment for students. The university says the renovations will feature upgrades in furnishings, fixtures, and amenities for the hotel, as well as a...
    • PGA TOUR Superstore to Open in Indy

      A popular golf retailer will Saturday open its first location in Indiana. The PGA TOUR Superstore location in Indianapolis replaces the recently-closed Babies"R"Us location at the Clearwater Crossing Shopping Center.

    • (Image courtesy of Harrison College.)

      Milhaus Details Purchase of Harrison College Indy Campus

      Indianapolis-based Milhaus says it plans to build a 183-unit apartment complex on the same lot as the Indianapolis campus of recently-closed Harrison College. The development, construction and management company purchased the property last month for $6.3 million and Marketing Director Raven Reckley says the college's decision to close was "news to us." She adds Milhaus is "disappointed for the students and staff who are affected most" and will be evaluating...

    • Ribbon Cut on Downtown Fishers Housing

      The city of Fishers and Indianapolis-based Gradison Design-build have cut the ribbon on the first homes of a $30 million downtown residential development. The developers say the first section will have 20 homes, with a total of 50 coming over the next five years. Partner Joe Gradison says South Village of Nickel Plate gives residents high-demand housing options in a walkable, urban environment. In interviews with Inside INdiana Business Reporter Mary-Rachel Redman, Gradison and...

    • (Image of downtown Shelbyville courtesy of Mainstreet Shelbyville Inc.)

      'Backyard Shelby' Involves, Seeks Young Talent

      The city of Shelbyville is looking to make itself more attractive to young and diverse professionals by going straight to the source and asking what they want. The city has launched Backyard Shelby, a group of young professionals helping to develop and implement a talent attraction and retention strategy. Mayor Tom DeBaun says the group will focus promoting the city's livability, amenities and "sense of authentic community" to new talent. DeBaun says Shelby County's...