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You might not be familiar with the nameTomorro , but it is actually not a Modern startup . Tomorro is a Gallic contract direction weapons platform that originally started as Leeway . And today , the company is harbinger its new blade and an $ 11.9 million funding round ( € 11 million ) .
The understanding why Leeway is becoming Tomorro is because the party trust we are on the verge of a massive undulation of adoption for so - called contract bridge lifecycle management ( CLM ) tool . With the COVID pandemic , many companies attain the gismo of e - signatures and they do n’t imagine canceling their DocuSign subscription . Now the next step is contract bridge direction .
Resonance top the Series A one shot with participation from Financière Saint James , Motier Ventures , existing investor HenQ and several angel investor . While many startups complain that it can be hard to raise a troll in the current funding surroundings , Tomorro did n’t present major issues .
“ We did n’t finger any peculiar difficulty . The roadshow was very ready , and in three weeks or a month , it was mostly done , ” carbon monoxide - laminitis and CEO Antoine Fabre told me . The due diligence mental process have a bit longer than that , of class . He talk to some 15 VC funds for this round of drinks . As a datum dot , Tomorro currently has around 200 clients .
So what does Tomorro do just ? Instead of using Microsoft Word to draft contract bridge and an Excel spreadsheet to note the amounts , due date and other relevant information , Tomorro playact as a central repository for all your contracting need — you no longer need to see if “ Important declaration v3.1 final FINAL.docx ” is indeed the most recent interpretation of a specific contract .
It face like an online campaign with folders and documents , but it ’s a multiplayer pecker with additional features . Tomorro lets you edit document forthwith in your browser app , which means that you’re able to create a template library ( with variables ) and suggest edits from there .
Once a contract is done , Tomorro can charge approval notifications to other relevant team members . On the other party ’s side , the startup also supports canonic e - signatures and has an integration with DocuSign for advanced signatures .
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All these feature article are nice , but Tomorro becomes interesting once you set out to opine about ways to automatise and streamline contract management . For example , Tomorro can go after contracts that are about to conk .
“ A product like what we ’re building makes a lot of mother wit in the current context as companies ask to control their committedness with their suppliers . They need to know when they can cancel if they want to cancel , ” Fabre said .
The tool can also be integrated with a CRM like Salesforce so that a declaration is automatically generated once a sales rep is quick to sign a unexampled client without having to connect to Tomorro ’s port .
“ The legal team is pinged if it ’s necessary to interfere on a contract . Otherwise , they are signed independently . So , the effectual department saves time and the sale section is much more effective , ” Fabre said .
The startup also recently added AI features to reformulate text or change the tone of the contract . In the future , the troupe plans to add more AI feature so that you may “ talk with your declaration ” instead of run down through 30 page .
Tomorro is n’t the first and only troupe to focus on contracts . There are other contract lifecycle direction companies , such asIroncladin the U.S. For now , Tomorro is still very much focused on the Gallic market . But it plans to turn to other European market in the next yoke of twelvemonth .
“ There are a lot of participant in this market that is growing fast . I often liken it to the due east - touch grocery five years ago , ” Fabre say . “ We ’re not yet at the same stagecoach of mass espousal as e - signature is today , but we can smell out a considerable acceleration in the borrowing of these tools . ”
