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Exclusive: Agree.com raises $7.2M to take on DocuSign, Bill.com with AI
Agree.com says its AI-powered e-signature platform is different from competitors because it includes invoicing and payment processing. That's why the company might have a shot at tackling the industry goliath, Docusign. Because the startup makes its money from transaction fees for any money movement facilitated by its platform, Agree.com has made e-signatures free to all users. And now it's raised a $7.2 million seed round, the company tells TechCrunch exclusively. Founded in February 2024, Agree also raised $3 million in a pre-seed round of funding last year led by Sheel Mohnot, general partner at Better Tomorrow Ventures. This latest financing was oversubscribed and led by Tyler Hogge at Pelion Venture Partners, according to Agree.com co-founder CEO Marty Ringlein. Funding for the raise only took two weeks, according to a source familiar with the transaction. Agree.com uses AI on top of optimal character recognition (OCR) software so that it can auto-detect and label all of a contract's input fields and signature blocks. Its technology can also identify and extract "any and all" payment terms to dynamically generate invoices. "At the end of almost every signature, someone has to pay someone money," Ringlein told TechCrunch. "We combine what has historically been a disjointed and fragmented workflow to make signing better and payments faster." Because of its multitasking approach, Ringlein believes that Agree.com can potentially replace traditional e-signature software and invoicing and accounts receivable tools such as Bill.com. "Agree extracts every character, indentation, semi-colon, and hyphen to not only understand the type of contract being signed, but make it fully editable and collaborative with commenting, redlining, and version control," Ringlein told TechCrunch. Although it primarily competes with Docusign, Agree's business model is a fintech company through B2B payments. So far, its trajectory seems promising. In its first three months, after launching in early September 2024, it hit 10,000 users. Seven weeks later, it doubled to over 20,000 users. Today, it has over 25,000 users, including ad networks such as Beehiv and Product Hunt, B2B SaaS startups such as Rho and TaxGPT, and enterprise sales teams like Brico and Thoropass, it says. Agree offers a premium offering for larger teams that charges a traditional monthly SaaS fee per seat. It also will monetize invoicing and billing logic on transaction volume. Presently, Agree has seven employees, including co-founders Will Hubbard (COO) and Evan Dudla (CTO). All of the founders have launched and sold multiple previous startups. Ringlein, for instance, previously sold design agency nclud to Twitter in May, 2012, for an undisclosed amount. In 2016, Ringlein, Dudla and Agree's CPO Michael Dick sold a startup called nvite to Eventbrite. In 2020, that trio also sold Gather to Brex Hubbard started his first company, air quality monitory startup ChemiSense, as a junior at UC Berkeley. He ran it for about six years and sold it to Kaiterra in 2019. Hubbard then started his next company, Niche (verticalized community marketplaces), shortly thereafter, and it was acquired by Opera Event in 2020. More recently, Hubbard and Ringlein also started early-stage venture firm Adventure Fund, which has invested in the likes of Mercury and beehiiv. As for the growth plan for Agree, Pelion Partner Tyler Hogge told TechCrunch that "the smartest way to get massive adoption would be to use e-signature as the wedge, give it away for free, and make it impossible for incumbents to reply." Hogge added that Agree's "business model is truly unique: free software, monetized through invoicing and payments." Blank Ventures also participated in the seed round, along with angel investor Gokul Rajaram. All existing backers, including Better Tomorrow Ventures, 8-Bit Capital, Sophia Amoruso's Trust Fund, Hustle Fund, Everywhere Ventures, Singh Capital Partners and Firsthand VC doubled down on their investment. While the company primarily operates in the United States today, it intends to expand internationally later this year, starting with the United Kingdom, Canada, and Australia.
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Agree.com Raises $7.2M Seed to Disrupt E-Signature with Integrated Payments for Faster Transactions
Fintech Startup Enters Next Phase to Build the Future of Contracts: Sign, Send, and Get Paid in a Single Platform SAN FRANCISCO-(BUSINESS WIRE)-May 6, 2025- Agreeâ„¢, the all-in-one invoicing and payments platform, today 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. The funding 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506804668/en/ With a team of veteran fintech founders, Agree is redefining e-signature - what was once just a digital handshake is now a true fintech product. Unlike legacy 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. For years, e-signature has been dominated by slow-moving, bloated companies that prioritize legacy systems over customer experience. As a result, businesses have been forced to navigate outdated, disjointed workflows where signing a contract and processing a payment are entirely 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 is rapidly adding customers beyond founders and entrepreneurs to serve mid-market and enterprise teams. At the end of every deal is a transaction. Agree ensures it happens instantly. Agree launched less than a year ago with the goal of modernizing the contract-to-payment process, and its growth has been explosive. 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. It was voted as Product Hunt's Product of the Month in November. Agree's business model disrupts the industry by commoditizing e-signature - offering it for free - and instead monetizing invoicing and billing logic. "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," said Sheel Mohnot of Better Tomorrow Ventures. With this new capital, Agree will expand its engineering team and continue investing in growth and product development, focusing on: "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," said lead investor Tyler Hogge, who previously led Product at Divvy before its $2.5 billion acquisition by Bill.com. CEO Marty Ringlein attributes the company's rapid success to AI. "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." About Agreeâ„¢ Agree is a modern agreement platform that unifies e-signature, invoicing, and secure payment processing into one seamless workflow. Designed for businesses that move revenue through contracts, Agree eliminates the friction between signing and getting paid - automating everything from signature blocks to dynamic invoice creation using AI and OCR. Unlike legacy tools, Agree makes contracts fully editable, collaborative, and integrated into accounts receivable automation. Agree brings fintech speed and sophistication to slow-moving professional services workflows, transforming contracts from static PDFs into living, monetizable assets. Agree is backed by $10.2M in funding from leading investors including Pelion and Better Tomorrow Ventures. To learn more about Agreeâ„¢, visit Agree.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250506804668/en/
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Invoicing and payments platform, Agree.com raises $7.2M seed round
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The funding 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. With a team of veteran fintech founders, Agree is redefining e-signature -- what was once just a digital handshake is now a true fintech product. Unlike legacy 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. For years, e-signature has been dominated by slow-moving, bloated companies that prioritize legacy systems over customer experience. As a result, businesses have been forced to navigate outdated, disjointed workflows where signing a contract and processing a payment are entirely 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 is rapidly adding customers beyond founders and entrepreneurs to serve mid-market and enterprise teams. At the end of every deal is a transaction. Agree ensures it happens instantly. Agree launched less than a year ago with the goal of modernizing the contract-to-payment process, and its growth has been explosive. 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. It was voted as Product Hunt's Product of the Month in November. Agree's business model disrupts the industry by commoditizing e-signature -- offering it for free -- and instead monetizing invoicing and billing logic. "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," said Sheel Mohnot of Better Tomorrow Ventures. With this new capital, Agree will expand its engineering team and continue investing in growth and product development, focusing on: More robust accounts receivable automation Enhanced multiplayer functionality Expanded AI-powered workflows Deeper integrations with accounting and CRM software "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," said lead investor Tyler Hogge, who previously led Product at Divvy before its $2.5 billion acquisition by Bill.com. CEO Marty Ringlein attributes the company's rapid success to AI. "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.
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Agree.com Raises $7.2 Million to Combine Payments and e-Signatures | PYMNTS.com
e-Signature platform Agree.com has reportedly raised $7.2 million in new funding. The company announced its seed round in an interview with TechCrunch Tuesday (May 6), arguing that it thinks it can compete with the likes of Docusign because of a key differentiator: its platform offers payment processing and invoicing. "At the end of almost every signature, someone has to pay someone money," CEO Marty Ringlein told TechCrunch. "We combine what has historically been a disjointed and fragmented workflow to make signing better and payments faster." The report noted that because Agree makes its money from transaction fees for any money movement carried out by its platform, the company has made e-signatures free to users. According to the report, Agree uses artificial intelligence (AI) along with optimal character recognition software to auto-detect and label all of a contract's input fields and signature blocks. It can also identify and extract payment terms to dynamically generate invoices. Ringlein believes that due to its multitasking approach, Agree.com has the potential to replace traditional e-signature and invoicing and accounts receivable tools like Bill.com. "Agree extracts every character, indentation, semicolon, and hyphen to not only understand the type of contract being signed, but make it fully editable and collaborative with commenting, redlining, and version control," Ringlein told TechCrunch. The new funding comes as business processes that had long been considered manual ones are being replaced with more digitized versions, as PYMNTS wrote in April. It was a shift, that report said, "underpinned by machine-readable formats, API-first ecosystems and continuous data flows" that allowed for automation at scale. For enterprises, adapting to structured data standards, like ISO 20022 for payments, and investing in systems that can learn from transactional patterns is a critical step toward efficiency and efficacy. "The really progressive companies are getting in front of [the transition to digital payments]," WEX President of Corporate Payments Eric Frankovic told PYMNTS in April. "... They have to cut costs, they have to control costs, they have to keep a healthy supply chain. And in order to do that, they have to start those conversations." This shift isn't just about digitizing old processes but also rethinking what back-office operations could look like in a world where AI and real-time data are increasingly the norm. Research by PYMNTS Intelligence shows that more than eight in 10 CFOs at large companies are either already employing AI or considering adopting it for core financial functions such as accounts payable, or for paying suppliers, vendors and contractors.
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Agree.com, an AI-powered e-signature platform, secures $7.2 million in seed funding to challenge industry giants by offering free e-signatures and integrating payment processing.
Agree.com, an innovative AI-powered e-signature platform, has successfully raised $7.2 million in a seed funding round. The financing was led by Tyler Hogge at Pelion Venture Partners, with significant participation from Blank Ventures and angel investor Gokul Rajaram 12. This latest round follows a $3 million pre-seed investment led by Sheel Mohnot at Better Tomorrow Ventures (BTV) last year 13.
Founded in February 2024, Agree.com is positioning itself as a formidable challenger to industry giants like DocuSign and Bill.com. The company's unique selling proposition lies in its integrated approach, combining e-signatures with invoicing and payment processing 14. By offering e-signatures for free and monetizing through transaction fees on payments facilitated by its platform, Agree.com is adopting a disruptive business model in the industry 14.
Agree.com leverages artificial intelligence and optimal character recognition (OCR) software to streamline the contract signing process. The platform can automatically detect and label input fields and signature blocks, as well as extract payment terms to generate invoices dynamically 14. This technology enables the creation of fully editable and collaborative contracts with features like commenting, redlining, and version control 1.
Since its launch in September 2024, Agree.com has experienced impressive growth:
The platform was also voted Product Hunt's Product of the Month in November 23.
Agree.com's founding team brings a wealth of experience from previous successful ventures:
With the new funding, Agree.com plans to expand its engineering team and focus on product development. Key areas of investment include:
The company aims to transform the contract-to-payment process, making it seamless and efficient. Tyler Hogge, lead investor from Pelion Venture Partners, believes that "What Divvy did for accounts payable, Agree is doing for accounts receivable" 23.
CEO Marty Ringlein attributes the company's rapid success to AI, stating, "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" 23. This approach aligns with the broader trend of AI adoption in financial operations, with PYMNTS Intelligence reporting that over 80% of CFOs at large companies are either using or considering AI for core financial functions 4.
As Agree.com continues to grow and challenge established players in the e-signature and payment processing space, it represents a significant shift towards more integrated, AI-driven solutions in the fintech industry.
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