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 con ... Read full article.