ContractZen, a Finnish corporate governance SaaS pioneer, has closed a new round of funding to accelerate the development of its AI-driven governance platform. Asko Schrey, founder of financial and HR management giant Accountor, was the lead investor in the funding round.
"We are at an inflection point where autonomous AI services are transforming business management from a reactive function to a strategic advantage," says Asko Schrey. "What excites me about ContractZen is how uniquely positioned the company is to lead this transformation. The all-in-one platform provides AI with access to broad range of user-centric business management data within a robust security framework - something that siloed point solutions cannot provide. And with customers already using the company’s Microsoft Azure AI-based services, we're no longer experimenting with AI, but building the future of intelligent governance in a secure and scalable way."
ContractZen has nearly 500 clients in more than 35 countries - including industry leaders such as JCDecaux, RELEX Solutions, Huhtamäki and TotalEnergies. The company's investors include Pii Ketvel, an early backer of Wolt and technology investor, and Jyrki Tähtinen, a respected Finnish lawyer and senior partner at law firm Borenius.
"We are extremely grateful to our investors for their trust. They share our vision of a future where smart and automated digital processes will transform corporate governance into a true competitive advantage," says Markus Mikola, CEO and founder of ContractZen. "We also aim to make the most important digital tools of modern governance accessible to all organizations, not just large enterprises."
ContractZen's solution is based on the idea that business administration needs its own ERP moment. Just as ERP systems once united finance, production and logistics into a single entity, what is needed now is a shift from fragmented, reactive processes to integrated and proactive management. ContractZen integrates key processes such as board work, contract management, subsidiary management, due diligence and compliance reporting into a single, secure and intelligent solution. This approach can provide greater transparency, strengthen operational agility, and ensure business continuity.