Agree.com, a startup founded in February 2024, has successfully raised $7.2 million in a seed funding round to further its mission of transforming the e-signature and payment landscape. This seed round follows an initial $3M pre-seed round. That round was led by Sheel Mohnot, the general partner at Better Tomorrow Ventures. That last round was oversubscribed and led by Tyler Hogge of Pelion Venture Partners.
Led by CEO Marty Ringlein, Agree.com’s mission is to fundamentally change the way digital agreements are signed and executed. Ringlein, who sold the design and development agency nclud to Twitter in May 2012, is no stranger to startup success. He co-founded Gather, a company that Brex acquired in 2020. He started nvite, which Eventbrite acquired in 2016.
Agree.com has a SaaS model where they provide e-signature software for free and monetize on the invoicing and payment side of things. For bigger teams, the company offers a premium version that adds on a standard monthly SaaS per seat fee. This model has launched Agree into market traction and fast user adoption, while providing them a sustainable revenue stream.
In less than three months since launching, Agree.com has already attracted 10,000 users. But incredibly, in just seven weeks, that number more than doubled to over 20,000. To date, the platform has reached more than 25,000 unique users, evidence of the immense demand for their services.
The company is now focused mostly in the United States. Later this year, it’s taking that expansion global, starting with new markets in the United Kingdom, Canada and Australia.
Ringlein stressed the value of connecting payment processes to e-signature workflows. He stated, “At the end of almost every signature, someone has to pay someone money.” This knowledge fuels Agree’s mission to simplify and improve the user experience across its platform.
Agree.com’s goal is to make the entire process much simpler than what has been a very disjointed workflow over the years. Ringlein explained, “We combine what has historically been a disjointed and fragmented workflow to make signing better and payments faster.” This focus on improving both signing and payment processes positions Agree.com as a formidable competitor against established players like DocuSign and Bill.com.
That emphasis on strategy is largely what attracted Tyler Hogge to Agree’s model. “The smartest way to get massive adoption would be to use e-signature as the wedge, give it away for free, and make it impossible for incumbents to reply,” he commented. This play from their playbook shows the company’s long game of gaining users through low or no cost options and new technology.
Additionally, Agree’s user-friendly platform feature robust tools to improve stakeholder collaboration and streamline contract management processes. Ringlein emphasized the platform’s capabilities: “Agree extracts every character, indentation, semi-colon, and hyphen to not only understand the type of contract being signed but make it fully editable and collaborative with commenting, redlining, and version control.”