Juro draws $23M into its browser-based contract automation platform – TechCrunch

London-based legal technology startup Interest It has received $ 23 million in Serie B funding for its browser-based contract automation platform. Overall, the startup has paid $ 31.5 million since its inception in 2016.

Investors in Series B are leading the way in eight ways – in addition to existing investors: Union Square Ventures, Point Nine Capital, Sedkamp and Taveet Hinrikus (co-founder of Transfer Way).

Eight Roads Partner, Alston Zecha, has joined. InterestBoard.

Juro’s annual recurring income has tripled year-on-year. And he says it has increased by more than 5 x, although it did not disclose the rating in this round.

Lastly, it is announcing the number of customers – some 6,000 companies are using the platform, including users such as Delivero, Kazoo, TrustPilot and The Real Real.

“We are currently working on more than 20 Unicorn value-added projects,” said Richard Maby, CEO and co-founder. But many traditional enterprises, such as Reach plc, have also adopted it. Interest All in all, we look forward to more corporate growth in 2022.

The initiative focused on disrupting the use of older tools such as Word and PDFs for contracts – providing a browser-based contract developer platform instead of creating a cloud-based workflow for moving files.

“We are opposed to the idea that contracts should be consistent,” Mabe told Tech Crunch. “We do this by extracting contracts from Word and into a custom, browser-native editor.”

He added: “This editor is very modular and seamlessly integrates with the company’s technology stack. Last year 250,000 contracts were made this way and it could be magic for some use cases (we have 72 NPS).

“In the same way that developers use GitHub or designers use Colma to collaborate Interest You can run contracts from sign up to signature without leaving your browser. In this regard, we see the main competition as MS Word.

Expedited Funds will be employed by Exxon to support the expansion of the US and European markets, further investment in production and support for the planned scale.

It has offices in London and Riga, as well as a growing “remote center” – and is hiring everywhere.

Mabe says recruitment marketing and engineering VP are the top priorities for recruitment.

“InterestThe main strength is in contract creation and we will double it here, ”he added. “We are the only platform with a browser-native editor designed for contracts. Many of our efforts go here, with the development of new integrations in this editor (for example CRM systems).

“For customers, this means a unified experience of creating, approving, negotiating, signing and managing contracts.”

Commenting on the statement on Juro Series B, the Eight Ways threatened, adding, “Until InterestIt was not an all-in-one platform that automated contracts and provided integrations with customer workflows. Interest Used by legal, sales, HR and other groups in some of Europe’s top growth companies, including those in the eight-way portfolio. We have seen it in terms of market leading customer satisfaction outcomes and highest employee satisfaction points. We are thrilled to be collaborating with Richard, Pavelna and others Interest Group “