Company name: Nammu Technologies Inc., which owns SimplyAgree
Amount raised: $6.85 million of a $7.85 million offering, according to a U.S. Securities and Exchange Commission filing
What they do: SimplyAgree’s platform manages signature and closing tasks for transactional attorneys, according to the Nashville-based company’s website. The portal organizes all the documents attorneys need to finalize complex deals, from mergers and acquisitions to commercial real estate transactions. Unlike other electronic signature companies, such as DocuSign, SimplyAgree is designed specifically to handle complicated transactions, CEO Will Norton, a former Baker Donelson associate, told the Business Journal in 2019. Norton co-founded SimplyAgree with former Bass, Berry & Sims PLC associate Sam Beutler.
Why it matters: The funds bring the startup’s lifetime capital raised to more than $8.2 million, according to SEC filings.
What the funds will be used for: Norton did not immediately respond to a request for comment. This story may be updated.
