PactSafe’s $5.5 Million Round of Funding


Taft acted as legal counsel to PactSafe in its recent $5.5 million series A funding round.

PactSafe will use the funds to expand its reach further into enterprise SaaS, ecommerce markets and other verticals. The product team will focus on continued development of its high-velocity contracting solution. Currently, the platform provides customers the ability to populate information from any system directly into a contract and track contracts in real-time via an easy to execute, mobile-responsive experience. PactSafe will also continue enhancing its industry-first click-through workflow API, which is used by businesses like TiVo, Upwork, and Angie’s List to power millions of self-service online contracts every day.

Launched in 2015, PactSafe is a cloud-based contracting platform based in Indianapolis. The funds will be used to expand PactSafe’s reach into enterprise SaaS, e-commerce markets and other verticals.

Taft’s legal team included Jeff Kirk (Picture), Brad Schwer, Paul Obszanski, Tom Stasi, Leslie Stanard, Henry Alderfer and Rachel Anderson.

Involved fees earner: Jeffrey Kirk II – Taft Stettinius & Hollister; Paul Obszanski – Taft Stettinius & Hollister; Brad Schwer – Taft Stettinius & Hollister; Leslie Stanard – Taft Stettinius & Hollister; Thomas Stasi – Taft Stettinius & Hollister;

Law Firms: Taft Stettinius & Hollister;

Clients: PactSafe Inc.;

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Author: Ambrogio Visconti