Cambridge, UK based document creation automation platform, Doc2, recently secured a £150,000 ($196,710 USD) funding round from an experienced and broad group of angel investors.
Launched just last year in December 2018, Doc2 provides document creation automation and eSigning technology on a subscription basis to small to medium-sized business enterprises (SME). The technology, the company says, creates efficiencies across a variety of sectors, including recruiting, debt collection, compliance and more.
Doc2 offers a frictionless process for SMEs to speed up the creation of contracts that come from their own templates and then allows them to be digitally eSigned. Earlier this year, Doc2 also partnered with The Law Boutique to assist clients that don’t have their templates set up yet.
Aimed at high growth SMEs, the investment will allow Doc2 to continue improving the user journey and platform functionalities as well as taking the product to market across a variety of channels.
“Doc2 brings a frictionless offering to SMEs allowing businesses to focus on value-adding tasks, safe in the knowledge that their contracts are being created and signed in an efficient, compliant manner.” said Co-founder and CEO Josh Harris. “We are extremely pleased with the investment which will allow us to continue to improve our offering based on customer feedback and help us reach a wider audience. This investment shows a real belief in our platform and that we are well-positioned in a fast-growing, exciting market.”
The solution offered by Doc2 allows management teams to have complete oversight in contract creation, allowing them to set parameters and empower employees to agree terms with vendors and customers, thus avoiding the need for further rounds of approval and verification.