Invoicing and payments platform Agree has raised $7.2m in a seed funding round, led by Tyler Hogge at Pelion Venture Partners.

Blank Ventures and angel investor Gokul Rajaram also participated in the round.

Using the funds, Agree aims to expand its engineering team and continue its investment in both growth and product development.

The focus will be on developing more accounts receivable automation, enhancing multiplayer functionality, AI-powered workflows, and integrations with accounting and CRM systems.

Agree garnered $3m in pre-seed investment, which was led by Sheel Mohnot at Better Tomorrow Ventures.

Additional contribution came from current investors including BTV, 8-Bit Capital, Sophia Amoruso’s Trust Fund, Hustle Fund, Everywhere Ventures, Singh Capital Partners, and Firsthand VC.

Sheel Mohnotfrom Better Tomorrow Ventures stated: “They’re solving a huge pain point for us, our portfolio companies, and just about any business that moves the majority of its revenue through contracts. We believe that everything is fintech, including e-signature.”

Agree aims to enhance the contract-to-payment process by embedding payment functionalities within the e-signing process.

Launched less than a year ago, Agree reported that it attracted 1,000 users within its initial 30 days, reached 10,000 users within three months, and exceeded 30,000 users within six months of operation.

The firm claims to have disrupted the industry by “commoditising e-signature — offering it for free — and instead monetising invoicing and billing logic.”

Agree CEO Marty Ringlein said: “With a team of only seven leveraging the latest AI tools, we’re able to compete head-to-head with DocuSign’s 7,000 employees to deliver a better, faster, and cheaper experience. The next version of DocuSign won’t look anything like DocuSign.”