Slovak AI startup Cequence raises €2 million to automate contract workflows and accelerate growth

Cequence, a Slovak startup which helps companies automate contract workflows using artificial intelligence, has successfully raised €2 million in seed funding to accelerate its growth. The round was led by Jet Ventures, with participation from Look AI Ventures and a group of angel investors from Slido. Look AI Ventures shared the news with AIN.

About Cequence

• Cequence, founded in 2018, is a Slovak startup which AI-powered platform automates the entire contract lifecycle — from drafting and negotiation to approval and performance monitoring. 

• Using AI technologies, including OpenAI’s ChatGPT, the platform helps reduce errors and delays by up to 90%, shortens contract approval times by dozens of percent, and significantly improves productivity across legal, procurement, and sales teams.

“What sets Cequence apart is its laser-focused AI trained on real contract data, which so far drives a 49% turnaround reduction and a 34% productivity uplift calculated from real customers’ environment data, all without ripping out existing widely used Microsoft ecosystems. 

Moreover, the platform’s real-time collaborative editor and dynamic playbooks turn every contract into a governed, auditable process, making every stakeholder more confident and giving teams proactive control over compliance and negotiations,” says Angelo Burgarello, Partner at Look AI Ventures.

Investment details

The round was led by Jet Ventures with a €1.7 million investment, backed by Look AI Ventures with a €200,000 investment and a group of angel investors from Slido, one of the most successful Slovak startups.

• Jet Ventures is a venture capital firm based in the Czechia, investing in early-stage industrial-tech and B2B startups across Central Europe, including the Czechia, Slovakia, Poland, Austria, and Germany. 

• The ticket size between €1.5 million and €2.5 million.

• Look AI Ventures is a Czech investment fund focusing on pre-seed and seed startups, which address major markets with core AI-driven solutions. The fund’s mission is to nurture the AI ecosystem with its portfolio including Electric Sheep, Ochy and Secjur.

The funding will support Cequence’s international expansion and ongoing development of its AI-driven contract management platform.