A US-based LegalTech startup e-gree closes a $1M seed round. Founded by experienced entrepreneurs Ilia Flaks, Keith Fraser, and Araz Mamet, e-gree is a digital service that allows users with no legal background to create, negotiate, sign, and manage a wide variety of legal contracts.
Embria is among the first investors who believed in the project and supported the e-gree team with investments on their way to raising a new seed round. The round was officially closed this Wednesday with Impulse VC as a lead investor, and additional funding from AltaIr Capital, GSD Venture Studios, and Joined Journey. The new funds will be mainly used for the app development, PR and marketing within the US market.
Australian supermodel Jessica Kahawaty is one of the advisers of the project. Fellow supermodel and philanthropist Natalia Vodianova and co-owner of one of the largest PR agencies Freud Communications Matthew Freud, who supported the project back in 2020, are also among angel investors and board members in e-gree.
At the moment, e-gree has more than 20 pre-made templates that can be used for non-disclosure agreements and wills. Created documents can be easily shared and signed among users. The platform has attracted more than 10,000 users since launching last year, and it keeps growing.
"We have great confidence in the social value of our project, which allows people to protect their private interests against the age of global informatization. Thousands of users are already securing their agreements on the e-gree app, thereby protecting important aspects of their business and personal lives. We are constantly developing new contracts for modern-day issues. Our goal is to cover all spheres of life and make signing contracts easier and firmer than a handshake." — says e-gree co-founder Keith Fraser.