Paris-based Tomorro, a platform innovating the contract-management market, has raised €25 million in its latest funding round, which will go hand-in-hand with the opening of offices outside France, more specifically in the Cologne region, in Germany.
Led by XAnge and Acton Capital, the round company also backed by Adelie and Founders Future. Previous investors HenQ, Resonance, Financière Saint-James, and Motier Venture have also participated in this round.
This follows the €11 million raised 18 months ago.
“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,” said Antoine Fabre, Co-founder and CEO of Tomorro.
Founded in 2020 by Antoine Fabre, Sébastien Decrême and Thibaut Caoudal, Tomorro is innovating contract management by means of a collaborative, user-friendly platform. Its AI-assisted CLM tool reportedly enables companies to handle contracts three times faster by automating processes and facilitating collaboration between the operational and the legal teams.
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.
Its collaborative platform enables companies to manage contracts by automating processes and simplifying interaction between the legal team and the operational side (sales, procurement, marketing, HR, etc.). It looks to eliminate the time wasted by e-mail exchanges, while its AI-powered CLM tool speeds up the entire process at every stage of the contract lifecycle.
“The European automated contract management market currently represents almost 6 billion US dollars, and that sum is set to double in the coming years, which will for the large part be due to the acceleration of generative AI. Tomorro’s exceptional performance has perfectly captured the crest of this particular wave and XAnge is proud to support them, most notably as they venture overseas,” said Alexis du Peloux, partner at XAnge.
Through this new round of funding, Tomorro will boost innovation and hire over 100 talents in tech, product, sales, and marketing over the next two years to drive its commercial growth. The company is also focusing on AI to increase its solution’s productivity gains, and in 2025 will be doubling its investments in this field to accelerate its development.
With its Oro generative AI assistant, driven by “best-in-class language models“, they are already supporting users at every stage of a contract, from assisted editing to contract generation to summarising, automatic translation, and data extraction and analysis, Tomorro is looking to go even further by building an intelligence model for contracts.
“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,” explained Fabre.
