Vancouver-based angel investment firm Full Stack has funded local startup Contractually, which lets users simplify their contracts process by creating, negotiating, and signing contracts online.
Full Stack was founded by Boris Mann and Lance Tacey. Both angels had invested in Contractually prior to launching Full Stack.
While the pair wouldn't confirm the amount of funding Contractually received, Full Stack typically funds between $50,000 and $150,000.
"The paperless theme is an interesting one," the investment company says. "Many businesses believe that by using Word docs, PDFs, and email, that they’ve gone paperless. But paperless is about truly embracing the digital nature of information. Automating the input of data, using APIs to flow data between systems, and creating new end-to-end flows that never assume print as output."
The funding will be used to improve the startup's "core" user experience and expand the platform to work with a number of enterprise use cases.
Full Stack calls their investment vehicle "napkin capital," aligning themselves with investor catalysts such as Social Leverage, Pollenizer, Lerer Ventures, and Launch Labs. The company's first investment was in Nanaimo's Input Logic in December.
Full Stack suggested at launch it would invest in only two to three companies per year. Contractually is its second so far.