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Ellex Raidla Advises Atomico on Pactum Series A Funding Round

Ellex Raidla Advises Atomico on Pactum Series A Funding Round

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Ellex Raidla, working with Wilson Sonsini Goodrich & Rosati, has advised investment fund Atomico on leading a USD 11 million Series A funding round to Estonian artificial intelligence platform startup Pactum.

The funding round was also participated in by Metaplanet, an early-state investment fund; Checkout.com CTO Ott Kaukver; TransferWise chairman and co-founder Taavet Hinrikus; and Teleport co-founder Sten Tamkivi.

Pactum’s platform seeks to enable companies to automate personalized commercial negotiations. According to Ellex, “the recent funding will allow the startup to scale up the deployment phase of its platform and brings the company’s total investment to USD 15 million. Pactum will use the funding to scale up the deployment phase of its artificial intelligence-based automated negotiation platform in response to what the company calls a significant demand in a statement.”

Ellex Raidla's team included Counsel Antti Perli, Senior Associate Hanna Pahk, and Associate Merlin Liis.

Wilson Sonsini Goodrich & Rosati’s team was led by Partner Stacy Kim.

Ellex did not reply to our inquiry on the matter.