Austrian startup fynk has raised €1.25 million in a pre-seed funding round. The investment saw participation from various business angels, with part of it coming as a grant from the Austrian Research Promotion Agency.
- Founded in 2022 by Constantin Wintoniak, Dominik Hackl, and Markus Presle, fynk develops contract management software that helps companies create, review, analyze, and sign contracts.
- Headquartered in Vienna, fynk employs a team of 15 and operates across Europe. Additionally, the startup is trusted by several firms, including Rampf, CoastCap, Latido, FinMatics, Unite, 1.FCN, and Bridgemaker.
- The subscription options for the solution are offered on both an annual and monthly basis. The monthly subscription begins at €89 for up to 2 users and scales up to €379 for 8 users with advanced features included.
- Several business investors joined the funding round, including Moritz Thiele, owner of Vienna-based investment firm CoastCap, Domagoj Dolinsek, founder of the digital SaaS platform PlanRadar.com, Ignaz Forstmeier, founder of the London-based emission management platform Pledge, and Alexander Brix, Head of Operations at Canva that develops online graphic design tool.
- Furthermore, fynk received a grant from the Austrian Research Promotion Agency (FFG).
- fynk plans to use the funds for the public launch of its SaaS solution, based on a contract management AI-based technology.
