Juro, an end-to-end contract management platform, raised $5 million in a Series A funding round led by New York-based Union Square Ventures (USV) – the backers of Twitter, Twilio, Etsy, and Kickstarter.
As part of the funding John Buttrick, partner at USV, will join the company’s board.
Existing investors Point Nine Capital, Seedcamp, Taavet Hinrikus (co-founder of TransferWise), and Paul Forster (co-founder of Indeed) also participated in the funding round.
The Series A round brings Juro’s total funds raised to date to $8 million.
Juro will use the funds to double-down its data proposition, triple the size of its product team, and continue expanding its growing customer base in the EU and US.
The Juro platform transforms legal contracts from static files into dynamic, modular agreements that integrate seamlessly with core business processes like Sales and HR workflows. To date, the Juro platform 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 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.”
Juro was represented in the transaction by Wilson Sonsini Goodrich & Rosati and Taylor Wessing. Latham & Watkins and Gunderson Dettmer represented Union Square Ventures.