Vienna-based fynk, which enables businesses to streamline contract workflows by creating reusable, dynamic contracts with real-time collaboration and signing, has secured €3.1 million in an investment round to support its global expansion and accelerate product development. The round was led by 3VC and 10x Founders.
- Founded in 2022 by Constantin Wintoniak, Dominik Hackl, and Markus Presle, fynk specializes in developing contract management software that enables companies to efficiently create, review, analyze, and sign contracts, specifically for teams in finance, procurement, HR, and sales.
- The startup offers its services in English and German and operates across Europe with a team of 15 employees. Additionally, fynk serves several firms, including Rampf, CoastCap, Latido, FinMatics, Unite, 1.FCN, and Bridgemaker.
- fynk provides flexible subscription plans, available on both a monthly and annual basis. The monthly plan starts at €89 for up to 2 users and goes up to €379 for 8 users, with advanced features included, making it suitable for businesses of various sizes.
- In May, fynk raised €1.25 million in a pre-seed funding round to support the public launch of its SaaS solution, which is powered by AI-based contract management technology.
Details of the deal
- The fresh funding was led by 3VC, a Vienna-based venture capital firm that supports startups across the DACH, CEE, and Baltic regions, focusing on Series A investments with initial ticket sizes of up to €10 million, along with Munich-based VC 10x Founders.
"We couldn’t be more excited to support Fynk on their journey to becoming the global leader in contract management and automation. This investment aligns perfectly with 3VC's mission to back exceptional teams solving real-world problems with scalable, impactful technology," co-founder & general partner at 3VC, Peter L, stated.
- With the capital raised, fynk plans to further develop its platform and expand its operations into new markets.
