# fynk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fynk

- Industry: Software
- Headquarters: Wien, Austria
- Website: www.fynk.com/
- Total disclosed funding: $3.5M
- Latest round: Seed (Oct 2, 2024)
- Investors on record: 2

## About

Based in Austria, fynk GmbH provides AI-powered contract management solutions to enhance efficiency in contract workflows and compliance, particularly for European businesses.Founded in 2022 and headquartered in Wien, Austria, fynk GmbH specializes in AI-driven contract management software. The company has completed 3 deals, with its most recent funding round taking place in October 2024, where it raised EUR 3.1 million in Seed funding co-led by 10x Founders and 3VC. The founder, Theresa Quitt, has a background in entrepreneurship and has previously founded other companies, although specific details are not available. The total amount raised by the company since inception is EUR 3.1 million.Fynk specializes in providing AI-powered contract management software designed to streamline the entire lifecycle of contract management. The core offerings of this platform include features such as contract drafting and creation, dynamic content generation, collaborative editing, approval workflows, and electronic signature capabilities. Fynk's solutions address key challenges faced by organizations in managing contracts efficiently, allowing users to import, draft, review, track, sign, analyze, and manage contracts at scale. The platform has been strategically tailored to meet the needs of European businesses, ensuring compliance with GDPR regulations while also integrating smoothly with existing CRM systems and other workflow tools. The primary clientele includes mid-sized tech companies, legal teams, finance departments, and procurement professionals across various industries, all seeking to enhance their contract management processes.Fynk generates revenue through a subscription-based model, where clients pay for access to its contract management software. This model allows businesses to select from various pricing plans, which typically accommodate different levels of service and feature access based on organizational needs. The transactions primarily occur through direct partnerships with B2B clients, whereby companies subscribe to the software for their teams, facilitating efficient contract management processes. Revenue is derived from the adoption of the platform’s flagship features, including AI-driven analytics and e-signature functionalities, which are integral to enhancing organizational productivity. Fynk's pricing structure is designed to align with the specific requirements of users, ensuring that clients can tailor their contract management capabilities to fit their operational needs.In October 2024, fynk GmbH raised EUR 3.1 million in Seed funding to accelerate product development and bolster its platform and services. The company plans to expand its offerings, focusing on the development of new features to enhance user experience and functionality. Fynk aims to enter additional markets within Europe, targeting regions that are currently underserved in contract management solutions by mid-2025. The recent funding will be instrumental in supporting these initiatives, allowing for a robust enhancement of their services and product capabilities.

## Funding rounds

- Seed, Oct 2, 2024, $3.5M — 3VC, 10x Founders

## Investors

- 3VC (https://capitalatlas.ai/funds/3vc) — Seed
- 10x Founders (https://capitalatlas.ai/funds/10x-founders) — Seed