Founded by Pavel Kovalevich and Richard Mabey, Juro is an end-to-end contract workflow tool, designed for the modern business. In the latest development, this London-based startup has raised $5 million (approx €4.4 million) in a Series A round led by New York-based Union Square Ventures (USV) – the backers of Twitter, Twilio, Etsy and Kickstarter.
Other participants include Point Nine Capital, Seedcamp, Taavet Hinrikus (co-founder of TransferWise), and Paul Forster (co-founder of Indeed). The Series A takes Juro’s total funds raised to $8 million (approx €7.1 million).
Notably, the company will use the funds to double-down on its data proposition, triple the size of its product team, and continue to expand its growing customer base in the EU and US. John Buttrick, partner at USV, will join the Board.
For the uninitiated, Juro transforms legal contracts from static files into dynamic, modular agreements that integrate seamlessly with core business processes like Sales and HR workflows.
With machine learning, Juro helps businesses agree on contracts up to 96% faster than using manual processes and gives deep insight into contracts post-signature.
Juro was founded in 2016 by former Freshfields lawyer Richard Mabey and Pavel Kovalevich. Juro has offices in London and Riga and has processed more than 50,000 contracts for customers like Deliveroo, Skyscanner, Envoy, Babylon Health, and Reach.
Richard Mabey, CEO of Juro, said:
Contract management systems are invariably designed by lawyers for lawyers. We’re rebuilding contracts for the end-user. We’re delighted to partner with USV as we execute on our vision to transform legal contracts into dynamic, modular agreements that reflect and empower business relationships. It’s great to see so many businesses supporting this approach and joining our community.
Main image credits: Juro
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