Agree, an all-in-one invoicing and payments platform, announced it has raised a $7.2 million seed round led by Tyler Hogge at Pelion Venture Partners, with significant participation from Blank Ventures and notable angel investor Gokul Rajaram.
Previous funding: This funding round follows a $3 million pre-seed round led by Sheel Mohnot at Better Tomorrow Ventures (BTV), with continued participation from existing investors including BTV, 8-Bit Capital, Sophia Amoruso’s Trust Fund, Hustle Fund, Everywhere Ventures, Singh Capital Partners, and Firsthand VC.
What Agree does: Agree transforms e-signature with a team of veteran fintech founders. And unlike traditional e-signature players, Agree is the first platform to integrate payments directly into the signing process, eliminating friction and accelerating transactions from contract to cash.
Value proposition: E-signature has been dominated by slow-moving and bloated companies prioritizing legacy systems over customer experience for many years. So, businesses have been forced to navigate outdated, disjointed workflows where signing a contract and processing a payment are separate steps. Agree is entering its next phase of growth to change that. After scaling from 0 to 30,000 users in six months, Agree rapidly adds customers beyond founders and entrepreneurs to serve mid-market and enterprise teams.
Company growth: Agree launched less than a year ago to modernize the contract-to-payment process, and its growth has been explosive. And the company onboarded 1,000 users in its first 30 days, reached 10,000 users within three months, and surpassed 30,000 users within six months.
What the funding will be used for: With this new capital, Agree will expand its engineering team and continue investing in growth and product development, focusing on accounts receivable automation; enhanced multiplayer functionality; expanded AI-powered workflows; and deeper integrations with accounting and CRM software.
KEY QUOTES:
“They’re solving a huge pain point for us, our portfolio companies, and just about any business that moves the majority of its revenue through contracts. We believe that everything is fintech, including e-signature.”
Sheel Mohnot of Better Tomorrow Ventures
“What Divvy did for accounts payable, Agree is doing for accounts receivable. While at Bill.com, I saw firsthand the enormous opportunity ahead for streamlining AR automation.”
Lead investor Tyler Hogge, who previously led Product at Divvy before its $2.5 billion acquisition by Bill.com
“With a team of only seven leveraging the latest AI tools, we’re able to compete head-to-head with DocuSign’s 7,000 employees to deliver a better, faster, and cheaper experience. The next version of DocuSign won’t look anything like DocuSign.”
CEO Marty Ringlein
