Juro, a London-based full-stack contract automation platform allowing business and legal teams to manage contracts under one roof, has raised US$ 23 million in a Series B funding round led by Eight Roads Ventures on 17 January 2022.
Investors: The latest investment round featured Eight Roads Ventures as the lead investor with participation from Union Square Ventures, Seedcamp, Point Nine and angel investor Taavet Hinrikus. The startup has managed to raise, in total, US$ 31 million to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards expanding into the Europe and USA and enhancing the customer experience. It also plans to fuel its executive recruitment drive as it seeks to implement its go-to-market tactic.
About Juro
Brought to existence in 2016 by Richard Mabey and Pavel Kovalevich, Juro offers a unified digital workspace to legal and business teams, allowing its clients to restrain from using many offline and online processes and tools, thereby accelerating essential business processes. The firm has established its offices in London and Riga compounded with remote hubs in other nations. Its user base includes clients from over 85 countries, like QuantumScape, Deliveroo, Cazoo, Trustpilot, Reach plc, TheRealReal and others.
What the Founder has to say: “Our prime motivation for establishing Juro was to revolutionise the legal industry by making legal contracts effortless and available to all. For years, legacies have been processed through PDFs, E-mail and Word docs, which have slowed things not just for lawyers but for all those managing contracts. Clients have processed over 250K contracts on our platform in the previous year without exiting the interface. Our software has saved the precious time of our customers and aided them to agree on terms rapidly. It is exciting to join hands with Eight Roads as we grow.”- Richard Mabey, CEO and Co-Founder of Juro.
What the Investor has to say: “Before Juro, there was no platform which could handle contracts and offer easy integrations with clients’ workflows on a single workspace. Its solution is employed by HR, legal, sales, and other teams of several leading European high-growth firms, including those existing in Eight Roads’ portfolio. Juro boasts a market-leading user satisfaction score, besides maintaining the highest employee satisfaction score ever seen by us at a scaleup. It is thrilling to support the Juro’s founding team and their other members.”- Alston Zecha, Director at Eight Roads Ventures.
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