The Series B round was led by Eight Roads with participation from existing investors including Union Square Ventures and Seedcamp.
"We started Juro in order to make legal contracts frictionless and accessible to everyone. Legacy processes using Word, PDFs and email slow things down not only for lawyers but for everyone who handles contracts. In the last 12 months our customers have processed more than 250,000 contracts in Juro, without leaving their browser. This has saved customers millions of hours of time and helped them to agree terms faster than ever. We are delighted to partner with Eight Roads as we scale up."
SoftBank Vision Fund 2 led the Series C financing, with support from Eagle Proprietary Investments and Insight Partners.
"ContractPodAi's technology aims to empower in-house legal professionals to radically improve business performance such as driving faster revenue recognition, increase compliance adherence and optimise operational workflows. We believe the company's modularized, one platform approach extends way beyond existing Contract Lifecycle Management to capture a vast array of legal use cases across multiple jurisdictions."
— Ayush Jain, Investor for SoftBank Investment Advisers
QVentures backed the legal technology startup to support its growth in European and American markets.
"QVentures took the time to really understand our business and help set Semeris up for successful growth. The closing of this funding round will spearhead the expansion of our capital markets legal AI products into the US."
The funding round was led by backers including Episode 1 and the Google Black Founders Fund.
"Businesses and law firms now realise that with the right technology, tasks that used to require significant amounts of time and effort, can be largely completed in seconds. Our technology can summarise thousands of documents and extract the key points in a fraction of the time. It can read and edit legal documents with far less human effort and can give specific advice automatically. We have typically saved our clients around 70% of their costs related to contract review. Our technology is AI+, advanced machine learning combined with human expertise that enables our customers to focus on the more complex, strategic work they?re best at."
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