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Juro raises $23 million in Series B funding - what’s next?

Today I’m super happy to share that we’ve raised $23 million in a Series B round, led by Eight Roads: the Fidelity-backed investors with an outstanding portfolio that includes Alibaba, Cazoo, Spendesk and Made.com. 

Alston Zecha has joined our board as part of their investment - I’ll let Alston explain why they decided to invest:

“Until Juro, there hasn’t been an all-in-one platform which automates contracts and provides frictionless integrations with clients’ workflows ... It has market-leading customer satisfaction scores plus the highest employee satisfaction score we’ve seen at a scaleup”
-- Alston Zecha, partner at Eight Roads and now director at Juro

When Pavel and I founded Juro back in 2016, we saw that documentation was away from offline file types and into the browser. Whether that was designers moving to Figma, whole teams moving to Notion or developers being firmly rooted in Github, a more collaborative way of working was emerging in multiple business functions.

But legal paperwork was still stuck in manual Word + email workflows that caused and continue to cause pain for millions of people every day. We set out on a mission to make contracts frictionless and accessible to everyone. If we could do that, we could help the world agree just a little bit more. 

Fast forward five years and Juro is pioneering browser-native contracting through our all-in-one contract automation platform. 

Our big bet was that contracts would follow other key business touchpoints and move natively to the browser. Some were sceptical that we would ever see the end of Word, but last year our customers agreed 250,000 contracts this way, in the Juro platform, without ever needing to switch between email and Word.

This is a step change in the way in which contracts are agreed.

Thanks to our visionary backers ⭐

Since Juro’s early days, we’ve been lucky enough to work with some of the fastest-growing tech companies in the world as customers - visionary legal teams at companies like Deliveroo, Cazoo, PayFit and Trustpilot, who are challenging ways of thinking in their industries, while we aim to do the same.

We now work with more than 25 ‘unicorn’ valuation tech companies, amongst our 6000+ customers - and we wouldn't be where we are today without all our customers’ support and invaluable product insights. 

It takes belief to work with an early-stage startup, and the early customers of Juro’s were true visionaries. I want to take a moment to thank each and every one of them for their feedback, support, and for believing in Juro’s mission, as we work to change the way legal and business teams agree and manage contracts.

We’re also grateful to be backed by some of the best investors in the world, and we’re proud that Union Square Ventures, Point Nine Capital and Seedcamp all chose to participate in this round with Eight Roads. 

What you will see in the Juro product 🔮

This new investment enables us, in turn, to invest in developing even more of the features and upgrades that really matter to in-house legal and the teams they enable. 

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Visual version history, threaded comments, and upgraded safety features - all in our new negotiation flow

You will see more upgrades to our editor workflows, like our recent negotiation upgrade. We now have what we believe is the most advanced editor specifically designed for legal contracts. You can now in Juro collaborate synchronously internally and asynchronously externally -- combining the best of Google Docs and Word in a beautiful browser-native experience.

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You’ll also see more integrations, like our recent Zapier integration, to ensure that business users can initiate contracts from the tools they live in every day. Our template editor makes document generation from integrated tools 10x easier than was previously possible and we’ll ship lots more in this area.

Aside from this, you’ll also see hundreds of improvements to our interface driven by the feedback we receive from our customer community. Stay tuned for our public roadmap to find out in detail what we’ll be shipping for you in 2022.

As the Juro platform has gone from strength to strength, our public reviews have done the same, and we now lead our category in G2 for ease of setup and quality of support. We’re now the #1 rated contract platform globally for ease of use.

If your business could benefit from the only platform that truly enables you to process contracts end-to-end with one solution, get in touch here. We’re excited to show you what comes next.

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Join our mission 🚀

With all this in mind, there’s never been a better time to join Juro - and we have big plans to scale our leadership and team. Thanks to our incredible team of Jurors, and in particular the tireless work of our people and talent team, we're currently rated the #1 startup to work for with a presence in London, with an employee NPS score of 91/100. 

We plan more than 80 new hires for 2022, including executive leadership. If you're looking for a new challenge in a human-centric company, you're in luck - we have 15 roles on our careers page right now! Check it out for our open roles, as well as a wealth of info on the culture we are building.

Thank you for your support and for being part of the Juro community.

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