The PactSafe Blog: Making business happen faster

Don't Get Sued: 3 Cases in Website Privacy You Can Learn From

Companies who disclose their app or website privacy policy to customers through understandable terms are typically happy campers for two reasons: 1. Their customers are happy! 2. They aren’t getting sued. We’re going to cover 3 recent cases where 3 companies have either faced an adverse legal decision or some seriously bad press.

Topics: Case Law Reports

PactSafe Closes $880,000 in Seed Funding, Joins Acceleprise

For Immediate Release

Seed round led by Acceleprise SF, Elevate Ventures, Vulpes Testudo Fund, and private angels, intended to fuel growth and development of its Digital Legal Engine.

INDIANAPOLIS, Ind. -- (July 28, 2015) -  PactSafe, the digital legal engine for the web, mobile, and the internet of things, today announced that it has raised $880,000 in seed funding from Acceleprise San Francisco, Elevate Ventures, Vulpes Testudo Fund, and a number of private angel investors, oversubscribing its planned $800,000 round.  PactSafe will use the funds to enhance its product and further expand sales and marketing efforts.  PactSafe has also joined Acceleprise SF's 3rd class of its San Francisco based enterprise SaaS (Software as a Service) accelerator program.

PactSafe is a digital legal engine that enables contracts of the web, mobile, and the internet of things to be smart and connected. The PactSafe widget and API connects legal contracts to all of a business’ online transactions, making it easy to manage those agreements while automating the record keeping process and providing advanced legal analytics.  With PactSafe, businesses are able to more efficiently manage the legal risks associated with conducting business online while also achieving high levels of transparency with its customers.

“PactSafe is the first application that gives businesses and their legal teams control and visibility into the billions of legal transactions that occur everyday online when people click “I Agree,”  said Brian Powers, CEO and founder of PactSafe. “Acceleprise SF, Elevate Ventures, Vulpes Testudo Fund, and our other investors share in our vision of becoming the standard businesses and consumers trust for their online legal transactions.”

With the investment from Acceleprise SF, PactSafe also becomes the first Indianapolis based company to join the San Francisco based accelerator.  In addition to capital, Acceleprise provides San Francisco office space, access to world-class mentorship, and access to potential investors and customers, over an immersive 4-month program.

“We are very excited to have PactSafe join our latest cohort of SaaS companies,” said Michael Cardamone, Managing Director of Acceleprise SF.  “It's clearly a large market, and PactSafe’s solution solves an obvious problem for many companies.  The combination of Brian's legal background and the rest of the PactSafe team's software background is the perfect combination to take advantage of a massive opportunity.”

About PactSafe

PactSafe is an Indianapolis based technology company. PactSafe has built the world's first digital legal engine powering the smart, connected contracts of the web, mobile, and the internet of things. The company’s advisory board includes leaders from LegalZoom, Salesforce, ZipRecruiter, and a former Amazon in-house counsel. The company has raised $880,000 in seed funding from Acceleprise SF, Elevate Ventures, Vulpes Testudo Fund, and is a member of Acceleprise’s San Francisco based enterprise SaaS accelerator program. For more information, visit www.pactsafe.com, or  access the PactSafe press kit here.

About Acceleprise San Francisco

Acceleprise San Francisco is an enterprise software focused accelerator founded in 2014 backed by a roster of great SaaS founders and executives.  Acceleprise San Francisco is the West Coast headquarters for Acceleprise, a leading enterprise accelerator started in Washington, D.C. Acceleprise San Francisco provides funding, mentorship, office space, access to potential investors and customers, and community support to promising early stage SaaS companies over a four-month program.

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Contact: Amber Ferrari
Associate Marketing Manager
Tel: 317-449-3531
Email: amber@pactsafe.com

11 free SaaS apps & tools for your SaaS startup that you need day 1

Startups are an amazing thing — it's never been easier to get to work in building & launching a SaaS (Software as a Service, cloud, whatever) product than it is today. Obviously, building a happy customer base and a sustainable business is something different altogether, but we won't cover that here.

You Need to be Tracking The Versioning of Your Terms of Service. Here's Why.

Our world isn't static. Your online legal agreements aren't either. If you're working as an attorney that oversees this drafting process, you know that you're busy multiple times a year with revisions or updates that need to be published to keep your company protected and your consumers notified.

Topics: Website Legal Agreements Managing Website Legal

Streamline Your Sales Order Forms by Putting Legal Terms Online

Whether your business sells a Saas product or plastic widgets, your sales people probably use some sort of paper order form to close plenty of deals. Even if you have attempted to move the entire sales process online, you likely still will have deals that close offline. As if contract management wasn't already difficult enough, the combination of online sales and offline sales make it much more difficult to keep track of things. However, with a little planning (and of course the right tools), you can not only make this process easier to manage, you can also streamline your entire sales process.

Topics: Tips and Best Practices

Welcome Jason Everhart to PactSafe!

This week at PactSafe, we have added tables, chairs, more desks, monitors, and walls of whiteboards to our space. You can now sit in almost every room! We also added Director of Business Development Jason Everhart to our team. Being pretty fresh to the world of PactSafe myself, I asked Jason these questions to help everyone get to know him a little better.

Topics: PactSafe News Behind the Curtain

Are most clickwrap agreements on the web enforceable? We surveyed 1,000 websites to find out.

Browsewrap agreements aren't the only type of online legal agreement that could bring you trouble online.

Topics: Managing Website Legal Infographic Clickwraps Tips and Best Practices Why Most Sites Do It Wrong

Welcome PactSafe's First Orr Fellow, Amber Ferrari!

We here at PactSafe are having an awesome time as we build our business — we're experiencing great growth, filling out our new office space, and hiring some awesome people! As a young company, we were thrilled and honored to be included in the Orr Fellowship program and bring our first ever Orr Fellow on board, Amber Ferrari. She just started this week and I asked her to share a little bit more about herself. She was kind enough to answer the questions below.

Topics: PactSafe News Behind the Curtain

Online Legal Agreements: What One Guy Found Out Wasn't Pretty

For Guardian reporter Alex Hern, thinking about all the small print on the Internet made him want to die... so he took seven days to read 146,000 words of various companies’ Terms of Service, and the result? It made him want to die even more.

Topics: Website Legal Agreements Clickwraps Website Legal Agreement Case Studies Tips and Best Practices Why Most Sites Do It Wrong