Legium

About Legium

Legium.io is a service for the remote signing of electronic documents, enabling users to sign legally binding documents in seconds without the need for physical copies, scanners, or couriers. The platform uses a non-qualified electronic signature (NES), which is recognized as an analogue of a handwritten signature in many jurisdictions, ensuring that documents are admissible in court and by tax authorities. The service provides remote identity verification for all users; individuals are verified via a selfie with their passport, while legal entities are confirmed through a nominal payment from their bank account.

The company targets a broad market, including businesses of all sizes, individual entrepreneurs, self-employed individuals, and freelancers. It is particularly useful for HR departments, accountants, and sales specialists who handle large volumes of paperwork. The business model is subscription-based, with different tiers offering a certain number of outgoing documents per month, while incoming documents are free. For enterprise clients, Legium.io offers API integration to fully automate the document creation and signing process within their existing CRM systems. In addition to its core e-signature service, the company has developed Legium.X, an AI-powered tool for contract analysis, which can check for risks, extract key details, and verify authorizations.

Founded by Ivan Khaustov and Ivan Mikhailov, the startup has seen significant growth in its valuation. In 2020, it received 10 million rubles from Sber for an 8.06% stake after participating in the Sber500 accelerator. By August 2021, the company raised another 10 million rubles from business angel Denis Alenin for a 4.5% share, increasing its valuation to 222 million rubles.