Pactum, the business negotiation technology pioneer that enables enterprises to unlock value in deals they typically can't negotiate on their own, has raised $20 million in additional funding. Pactum's solution - which uses advanced mathematical models, cognitive science, and best-in-class negotiation techniques - leverages intelligent bots to digitally engage third parties and negotiate mutually-benefiting contracts, leading to better pricing, payment terms, and supply continuity.

The investment was led by 3VC, with participation from new investors NordicNinja VC and Maersk Growth, and existing investors Atomico, Project A, Metaplanet, and Taavet+Sten. Maersk Growth invested after Maersk's procurement team successfully deployed Pactum's technology to negotiate spot trucking rates.

Pactum helps global companies to digitally conduct personalized commercial negotiations on a massive scale. Pactum works with $5B+ revenue companies, including many top Fortune 500 organizations such as Walmart and Maersk.