Common Paper Analysis: $5M Raised
What is Common Paper?
Common Paper provides an AI contracting platform for software businesses that combines standard agreements, negotiation, signing, and billing. The company says contracts should be APIs, and it ships open-standard templates plus AI agents that manage redlines and workflow steps. Its standard agreements have been downloaded more than 40,000 times and used to close millions of dollars in deals.
Location
Philadelphia, United States
Employees
1-10
Founded
2020
Revenue
$1.7M
Business Model
Subscription-based model with tiered plans for revenue generation.
Product Features & Capabilities
- Build and sign contracts faster, create trusted templates, manage contracts in a single workflow, access to standard agreements, SaaS Agreement Toolkit, Mutual NDA, Cloud Service Agreement.
Pricing
- Free: $0
- Template & document generation
- Automatic billing
- Customer activity alerts
- 2 agreements / month
- Startup: $50 per user per month
- Agreement branding
- Customer initiated agreements
- Export structured contract data
- 10 agreements / user / month
- Growth: $100 per user per month
- Multiple user roles
- Custom payment links
- Upsell & renewal workflow
- 30 agreements / user / month
- Enterprise: Talk to sales for custom pricing
- Custom integrations
- Backup contracts to Box, Drive, etc
- Custom account capacity
How much Common Paper raised
Seed - $4.5 million
Not specifiedLead Investor: Boldstart Ventures, Uncork Capital, Henry Ward (CEO of Carta), Daniel Dines (CEO of UiPath), Brandon Deer (VP Ops & Strategy at UiPath), Greg Raiten, Kiran Lingam (co-founders of TechGC)
Who are the founders of Common Paper
BG
Ben Garvey
Co-founder, CTO
JS
Jake Stein
Co-founder, CEO
Market Focus
Common Paper primarily focuses on the legal technology industry, specifically in contract management and negotiation solutions for businesses.
Investors
- Uncork Capital
- Y Combinator
- Boldstart Ventures
- Robert Moore
- 1121.vc
Competitors Overview
Common Paper's main competitors in the contract management software market include:
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PandaDoc: Recognized as the best overall alternative, PandaDoc offers a comprehensive platform for document building, tracking, and signing, along with built-in analytics for workflow automation. Its user-friendly interface and robust features make it a strong competitor.
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airSlate SignNow: This platform is known for its award-winning e-signature solution, which excels in mobile capabilities and user satisfaction. It provides a seamless signing experience, making it a popular choice for businesses that prioritize mobile access.
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Foxit eSign: Foxit eSign specializes in providing a legally-binding electronic signature service. It is known for its security features and compliance with legal standards, making it suitable for businesses that require stringent document security.
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Salesforce Revenue Cloud: This solution automates quoting and contracting processes, enhancing sales productivity. Its integration with Salesforce's ecosystem allows for streamlined operations and improved efficiency in contract management.
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Proposify: Focused on proposal management, Proposify helps teams streamline document workflows. It offers features that cater specifically to proposal creation and management, differentiating it from other competitors that focus more broadly on contract management.
Each of these competitors offers unique features that cater to different aspects of contract management, such as ease of use, automation, and integration capabilities, providing businesses with various options depending on their specific needs.
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