Juro, a London, UK-based contract automation platform provider, raised $23m in Series B funding.
The round, which takes Juro’s total funds raised to $31.5m, was led by Eight Roads with participation from existing investors Union Square Ventures, Point Nine Capital, Seedcamp and Taavet Hinrikus, co-founder of Wise, formerly known as TransferWise. In conjunction with the funding, Eight Roads Partner, Alston Zecha, joins Juro’s board.
The company will use the new funds to expand into the US and Europe, further develop the platform’s customer experience and power its executive recruitment drive as it ramps up its go-to market strategy.
Founded in 2016 by former Freshfields lawyer Richard Mabey and Pavel Kovalevich, Juro is an all-in-one contract automation platform enabling legal counsel and their teams to manage contracts in a single web browser. By providing a single unified workspace, the system enables clients to avoid a patchwork of online and offline tools and processes, expediting critical business processes. It is now used in over 85 countries and by 6,000 companies including Deliveroo, Cazoo, Trustpilot and TheRealReal.
The company currently has offices in London and Riga and a growing remote hub, and is hiring in all locations.