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Slovak startup Cequence, 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 Czech Jet Ventures, with participation from our Look AI Ventures fund and a group of angel investors from Slido, one of the most successful Slovak startups. This brings Cequence’s total funding to €3 million.
The funding will support Cequence’s international expansion and ongoing development of its AI-driven contract management platform.
“This investment is a key step on our journey towards international growth,” says Rastislav Kovaľ, CEO and co-founder of Cequence.
“With the support of Jet Ventures and other investors, we’ll be able to scale our technology faster and help more companies streamline contract management on a large scale.”
Cequence’s 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.
“Cequence is fundamentally redefining how companies manage contracts,” says Kamil Levinský, Managing Director at Jet Ventures. “With a world-class product team, fast deployment, and strong scalability, Cequence is well positioned to become a market leader. We’re excited to support their next phase of growth.”
“The demand for automated contract management and AI in CLM (Contract Lifecycle Management) is surging, and Cequence is uniquely positioned to capture this momentum. By combining advanced AI with a user-friendly platform, we deliver tangible results — from faster approvals and reduced risk to greater team efficiency,” adds Martin Ragan, co-founder and Chief Revenue Officer at Cequence.
“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.
Cequence is already working with over 20 enterprise clients across various industries — including Dell, Arcondis, VÚB bank, Slovenské elektrárne, Notino, and Orange. The company is currently engaged in active discussions with more than 70 additional potential clients.
Over the past year, Cequence has achieved 108% year-over-year growth in recurring revenue and maintained 100% retention of existing clients, underlining its strong positioning in the fast-growing Contract Lifecycle Management market.
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