Contract management platform Juro has raised 拢3.7m investment to bolster its team and expand in the US and UK.
The new funding brings the total raised in its Series A round to 拢6m.
The latest round was led by Union Square Ventures (USV), which has previously backed the likes of Twitter and Kickstarter.
The round also had participation from existing investors Point Nine Capital, Seedcamp, Indeed co-founder Paul Forster and Taavet Hinrikus, co-founder of TransferWise.
The firm was founded in 2016 by former lawyer and LegalZoom employee Richard Mabey and Paris-based Pavel Kovalevich.
The London firm, which also has an office in Riga, creates 鈥榤odular鈥� legal contracts which can be integrated with business processes such as HR and sales.
It claims contract agreements can be made up to 96 per cent faster with the introduction of its platform and the integration of its machine learning technology.
Its users include top UK tech firms Deliveroo, Skyscanner, and Babylon Health.
The company, which has customers in 50 countries, said it will use the funds to increases its data proposition, triple its product team and expand its EU and US customer based.
Richard Mabey, CEO of Juro, said: 鈥淐ontract management systems are invariably designed by lawyers for lawyers. We鈥檙e rebuilding contracts for the end user.
鈥淲e鈥檙e delighted to partner with USV as we execute on our vision to transform legal contracts into dynamic, modular agreements that reflect and empower business relationships. It鈥檚 great to see so many businesses supporting this approach and joining our community.鈥�
John Buttrick, a partner at USV, will join the firm鈥檚 board following the investment.
鈥淲e look for founders with products equipped to change an industry,鈥� said Buttrick.
鈥淲hile contract management might not be new, Juro鈥檚 transformative vision for it certainly is.
鈥淭here鈥檚 no greater proof of the product鈥檚 ease of use than the fact that we negotiated and closed the funding round in it. We鈥檙e delighted to support Juro鈥檚 team in making their vision a reality.鈥�