UK contractor Juro lands $5M in new expansion funding

Juro, UK-based contract management platform, has recently announced a successful £3.7m in new funding to grow its team and work on a US and UK expansion plan.

The new funding brings the total raised in its Series A round to £6m.

The latest round was led by Union Square Ventures (USV), which has previously backed the likes of Twitter and Kickstarter.

The round also had participation from existing investors Point Nine Capital, Seedcamp, Indeed co-founder Paul Forster and Taavet Hinrikus, co-founder of TransferWise.

The firm was founded in 2016 by former lawyer and LegalZoom employee Richard Mabey and Paris-based Pavel Kovalevich.

The London firm, which also has an office in Riga, creates ‘modular’ legal contracts which can be integrated with business processes such as HR and sales.

It claims contract agreements can be made up to 96% faster with the introduction of its platform and the integration of its machine learning technology.

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