- With over 300 clients already on board, Tomorro is now moving to the next level. The French start-up specialising in AI-powered contract management is bringing its technology to the European market and opening offices in Germany.
- In 2024, Tomorro launched Oro, its innovative AI assistant specially designed to analyse and instantly process contract-related data. This tool has since been taken up by 77% of the company’s clients, turning into a significant asset for businesses looking to optimise their contract management.
- To support its expansion, Tomorro is raising €25M in a funding round led by XAnge and Acton Capital. This investment marks a major milestone for the company as it introduces AI-powered contract negotiation. With these funds, Tomorro aims to speed up its development, double its investment in AI, and transform contract management across Europe
Raising capital to expand beyond France
With high-profile clients such as Veja, Nestlé and Ingenico already on board, Tomorro has revolutionised the contract-management market in the space of five short years. Its collaborative platform enables companies to manage contracts three times faster by automating processes and simplifying interaction between the legal team and the operational side (sales, procurement, marketing, HR, etc.). It eliminates the time wasted by incessant e-mail exchanges, while its AI-powered CLM (contract lifecycle management) tool speeds up the entire process at every stage of the contract lifecycle.
This new €25M funding round follows the €11M euros raised 18 months ago. Led by XAnge and Acton Capital - a renowned German investor with strong legal expertise - it is also backed by Adelie and Founders Future. Previous investors HenQ, Resonance, Financière Saint-James, and Motier Venture have also demonstrated their continued trust in the company by again participating in this round.
The fund-raising will go hand-in-hand with the opening of offices outside France, more specifically in the Cologne region, in Germany.
“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”
“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.”
Helping businesses manage their contracts in the AI era
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 French start-up 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, 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. The company’s ultimate aim is to take the next step from operational efficiency to an economic and strategic intelligence- and value-driver.
“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”
About Tomorro
Founded in 2020 by Antoine Fabre, Sébastien Decrême and Thibaut Caoudal, Tomorro is revolutionising contract management by means of a collaborative, user-friendly platform. Its AI-assisted CLM tool 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.
For more information, visit tomorro.com or our LinkedIn page.
Media contact Tomorro
Agence Relations / Jihane Teretal
Jihane@jt-conseil.com
+33 608 276 885
About XAnge
XAnge is an early-stage investment fund with €650 million under management, based in Paris and Berlin. Its investment team supports European entrepreneurs who aim to transform everyday life through technology, investing amounts ranging from €500,000 to €10 million starting at the seed stage. With an investment thesis focused on making technology accessible to the widest audience, XAnge invests in sectors such as deeptech, healthcare, fintech, SaaS, and e-commerce. XAnge has supported companies like Lydia (Finance), Welcome to the Jungle (Human Resources), Believe (Music), MrSpex (eCommerce), and Ledger (Cryptocurrency). XAnge is the innovation brand of the Siparex Group.
For more information, visit www.xange.vc
Media contact XAnge
Alter’Com Conseil / Estelle Monraisse
estelle@altercom-conseil.fr
+33 660 418 152
