Aivan Innovations Oy (Zefort) partners with senior investors to boost international growth

Type of deal: Equity raise and minority sale of shares

Sector: Contract Lifecycle Management (CLM) / Software as a Service (SaaS)

PwC Finland acted as the exclusive financial, legal, and tax advisor to the shareholders on the equity raise and minority sale of shares in Aivan Innovations Oy to investors Asko Schrey and Timo Larjomaa. These investors will support Aivan Innovations through its next phase of ambitious growth and further international expansion. PwC warmly congratulates all parties.

Founded in 2017, Aivan Innovations Oy, known by its product name Zefort, is a leading AI-powered contract management software provider, offering a smart cloud-based contract archive. Headquartered in Turku, Finland, Zefort has established a strong market presence, generating an annual recurring revenue (ARR) of 2 million euros.

Zefort’s customers represent a wide variety of business domains, ranging from banks and leading technology and health sector companies to SMBs and family businesses. Today, Zefort serves customers in 11 countries and has active users in over 20 countries.

Date: Deal announcement 4 September 2024

PwC’s role: PwC Finland acted as the exclusive financial, legal, and tax advisor to the owners of Aivan Innovations Oy

Press release