Juro grabs $23M for its browser-based contract editor –
Summary
It is finally disclosing customers numbers — saying some 6,000 companies are using its platform, including the likes of Deliveroo, Cazoo, Trustpilot and TheRealReal, with users spread across 85+ countries. But more traditional enterprises like Reach plc have also adopted Juro fully, so we anticipate more enterprise demand during 2022.” The startup has focused on disrupting the use of legacy tools like Word and PDFs for contracts — offering a dedicated, browser-based contract builder platform, rather than merely creating a cloud-based work flow for moving files around. “We do this by bringing those contracts out of Word and into a custom-built, browser-native editor.” “This editor is highly modular and integrates seamlessly into a company’s tech stack,” he adds. In this regard, we really see our main competition as MS Word.” The latest tranche of funding will go on market expansion in the US and Europe, further investment into the product and for an exec hiring drive to support the planned scaling. “For customers, this means one unified experience for creating, approving, negotiating, signing and managing contracts.” Commenting on Juro’s Series B in a statement, Eight Roads’ Zecha, added: “Until Juro, there hasn’t been an all-in-one platform which automates contracts and provides frictionless integrations with clients’ workflows.
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