Uhura Solutions raises €400k in seed funding led by South Central Ventures to scale its contract intelligence platform.
The seed round was led by South Central Ventures with support from Barclays and Techstars to accelerate product development.
Uhura Solutions develops a low-code contract intelligence platform that helps financial services companies automate business processes. The London-headquartered business maintains an research and development centre in Montenegro.
Uhura Solutions has secured €400k in seed funding led by South Central Ventures, with participation from existing backers Barclays and Techstars. The London and Podgorica-based contract intelligence platform plans to deploy the capital to enhance its technology and broaden its reach across the financial and enterprise sectors.
The company has created an artificial intelligence system designed to process and understand agreements in a human-like manner, cutting document review times down to minutes. The business emerged from the 2018 Barclays Accelerator powered by Techstars in Tel Aviv and is focused on removing manual bottlenecks from corporate workflows.
From the founder
"That's when we decided to do something about it."
Djuro Stojanovic
CEO and co-founder at Uhura Solutions
Investor perspective
"Having a seasoned team working on Uhura is a step in the right direction. With the investment we aim to leapfrog the company into the corporate world and solve the age-old problem of reviewing contracts at a snail's pace and the errors that go with it,"
Vuk Djukic
Principal, South Central Ventures
Use of funds
- 01Continue product development
Investors
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About the company
Uhura Solutions
Uhura Solutions provides a low-code contract intelligence platform for automating business processes.