Pactum, a leading Estonian platform specialising in Agentic AI for enterprise procurement, has announced a Series C fundraising round totaling 47 million euros ($54 million). This round will help bolster enterprise procurement with Agentic AI solutions that work alongside humans to negotiate and close supplier deals at scale. 

“This funding represents a significant milestone in our journey,” commented Kaspar Korjus, CEO at Pactum. “It enables us to accelerate the transformation of procurement by empowering professionals to work alongside AI Agents, freeing up teams to focus on more strategic and meaningful work,” said Korjus.

“With this investment, we can scale our market reach and grow our portfolio of AI agents with new innovations that benefit organizations looking to transform procurement operations into a competitive advantage.”
Kaspar Korjus, CEO of Pactum

The round, led by global software investor Insight Partners, brings the company’s total funding to date to more than $100 million. “With this investment, we can scale our market reach and grow our portfolio of AI agents with new innovations that benefit organizations looking to transform procurement operations into a competitive advantage,” he added.

Record-breaking year for Pactum

This investment follows Pactum’s most successful year to date, marked by impressive achievements across multiple areas. Its platform saw a 489% increase in spend handled by its AI agents, a 2.5x boost in annual recurring revenue, and the addition of over 25 new Global 2000 customers, including Honeywell, Novartis, and Tetra Pak.

Pactum has empowered over 50 large enterprises including Walmart, Veritiv, Suez, Linde Group, Global Industrial, Mediclinic, Vallen, and Otto with AI agents to deliver savings autonomously with their suppliers. The largest of these deals was valued at $140.5 million, while the fastest deal was entirely negotiated and signed by Pactum’s AI agents in just 87 seconds. Pactum is redefining what is possible in enterprise procurement.

Pactum got new board of directors

“Pactum has demonstrated substantial growth, with its differentiated position in the market and impressive capabilities to automate end-to-end procurement processes through AI agents,” concluded Josh Zelman, Managing Director at Insight Partners.

“Pactum has demonstrated substantial growth, with its differentiated position in the market and impressive capabilities to automate end-to-end procurement processes through AI agents.”
Josh Zelman, Managing Director at Insight Partners

“The company is committed to driving greater value for its customers and helping them execute autonomous savings at scale. We look forward to partnering with the team on Pactum’s ongoing growth and solution evolution.” As part of the investment, Zelman will join Pactum’s board of directors.

GOOD TO KNOW

• Pactum was founded in 2019 by Kaspar Korjus, Kristjan Korjus and Martin Rand.
• Since 2019, Pactum has been leading the agentic AI transformation in procurement, empowering Chief Procurement Officers to add AI agents working alongside humans.
• Agents work around the clock with autonomy and authority to find negotiation opportunities and close supplier deals at scale.
• Pactum agents are trusted by over 50 of the world’s largest enterprises, delivering measurable value and enabling agility for procurement operations.
• In February 2025 Pactum won the prestigious 2025 Future Unicorn Award, an annual recognition by Digital Europe that highlights Europe’s most promising tech companies poised for unicorn status.

Are you interested in trading with Estonia? Enterprise Estonia is providing sourcing services for foreign enterprises. Contact Estonian export advisors or use our free e-consulting service to start trade with Estonia.