Our origin story
We started our journey back in 2014, as a legal team supporting an evergreen venture capital firm and its portfolio companies (tech start-ups and scale-ups from CEE). We knew the companies inside and out and we understood where their business needed to go.
This brought us closer and closer to our clients, until we essentially became their extended ‘legal arm’. We applied this model successfully to other companies, until we decided it was time to create our own business.
A crucial turning point came once our clients started scaling, as we realized that the best legal practices were no longer enough: we had to evolve beyond just legal.
That’s when we turned to process optimization and technology. For example, our customers often struggled with an outdated contracting process. We combined contract management software and an improved contracting workflow to deliver more transparency and accelerate sales. Our customers were happy and we knew we were onto something.
We also started experimenting with our own technology. We needed to streamline the operation of our customer’s ESOPs because we were spending far too much time on routine tasks. We looked into existing solutions, but none were flexible enough for the European market. Finally, we decided to build our own platform. Again, this brought results.
This journey gradually transformed us from a traditional law firm into a hub of legal and technology expertise. We learned that we’re in the legal business to help meaningful projects grow and that we can do this best if we take a page from our customers’ book and focus on technology. To tell this story, we decided to create Eldison.