Paris-based Tomorro, an AI-powered contract management platform, has raised €25M in a funding round led by XAnge and Acton Capital.
Others, including Adelie and Founders Future, previous investors HenQ, Resonance, Financière Saint-James, and Motier Venture, also participated in the round.
The announcement comes 18 months after raising €11M.
The French company will use the funds to accelerate its development, double its investment in AI, and transform contract management across Europe.
Additionally, the company will use the funds to hire over 100 talents in tech, product, sales, and marketing over the next two years to drive its commercial growth.
The fundraising coincides with the opening of offices outside France, specifically in the Cologne region of Germany.
“Opening a German office is the first stage ahead of expanding into other European countries. 2025 will also see us recruit an entire sales, marketing, and customer team as well as consolidate our staff in France to further underpin the solution that we provide,” says Antoine Fabre, co-founder and CEO of Tomorro.
Tomorro: Contract management for contract-conscious companies
Founded in 2020 by Antoine Fabre, Sébastien Decrême and Thibaut Caoudal, Tomorro has developed Oro, its AI assistant specially designed to analyse and instantly process contract-related data.
It enables companies to handle contracts three times faster by automating processes and facilitating collaboration between the operational and the legal teams.
Additionally, it eliminates the time wasted by incessant e-mail exchanges, while its AI-powered CLM (contract lifecycle management) tool speeds up the entire process at every stage of the contract lifecycle.
Since the launch, this tool has since been taken up by 77 per cent of the company’s clients, claims the company.
Tomorro has already been adopted by over 300 clients in France and abroad, including Veja, Nestlé, and Ingenico, and is helping companies accelerate their contractual processes while minimising their legal and financial risks.
“As the number of contracts, channels, and people involved keeps increasing, which makes processes ever more complex, the acceleration of generative AI is opening up new opportunities and is set to completely transform companies’ legal environments. Our AI-powered CLM has already proved its worth, and now we are increasing our efforts to provide users with even more support and productivity gains at every stage of the contract. To implement this vision, we are announcing the launch of AI-assisted negotiation, a solution that will optimise contract management significantly by enabling businesses to securely conclude agreements more quickly and smoothly,” explains Antoine Fabre.
