Stockholm-based Juritas said Wednesday it raised €1.4 million ($1.57 million, per Law360) in a pre-seed round that includes Passion Capital, to build software that finds overcharges and missed commitments in supplier contracts after they are signed.
The announcement came on November 4, 2026, according to same-day coverage by ThinkBusiness, Swedish Tech News and Silicon Republic. None of the coverage reviewed included a valuation, and none was disclosed.
Why post-signature contracts
Juritas argues that most contract software is built for the moment of signing. It is aiming at what happens afterward. It sells contract-intelligence software to finance, procurement and legal teams, beginning with supplier agreements, and its website lists overcharges, unclaimed discounts, missed commitments, renewal deadlines and compliance gaps as use cases.
The company said the product can run alongside a customer's existing contract lifecycle management (CLM) repository, the system where companies store and manage agreements, so buyers need not replace it. That positioning matters, because the territory is not empty. Established CLM vendors also advertise post-signature features, and Ironclad, for one, publishes documentation on extracting obligations with its AI.
The round
Juritas's announcement named seven participants. Those identified in the research include Covenant Holdings, Baseline Community + Fund, BlackWood and Angel Invest. Covenant is missing from several funding articles and databases, though the company's LinkedIn announcement shows it.
No lead investor, individual check sizes, board appointments or ownership stakes were disclosed. Public databases reviewed show one funding round for the company.
There is also a discrepancy in the numbers. Sifted reported on September 2 that founder Michelle Cotter was closing a €1 million pre-seed. The research found no evidence of a separate financing, and the November coverage reports €1.4 million. The likeliest reading, though the company has not said so, is that the earlier figure was a target that grew.
The founder
Cotter previously worked at Legora, Revolut and Epidemic Sound, according to ThinkBusiness. Her titles are described inconsistently. Non-Billable's September 10 profile identified her Legora role as Director of Engagement, while Swedish Tech News called her a former Legora global head of sales operations, a title that BlackWood's account attributes to her time at Epidemic Sound.
Her LinkedIn profile says she was accepted into the three-month Solo Founders Program in San Francisco. Her stated rationale, per ThinkBusiness, centers on companies' limited visibility into contracts they have already signed.
Product and team
Juritas said human corrections, approvals and decisions are recorded separately from the findings its software extracts, which keeps a clear line between what the machine surfaced and what a person decided. Its trust page lists ISO 27001 and SOC 2, two common security certifications, as in preparation rather than completed. The site says the product works in English and Swedish and promises follow-up on audit requests within 48 hours.
The company disclosed no customer names, contract values or measured recovery results. Dollar figures in its product screenshots are illustrative, its use-cases page says.
Juritas's LinkedIn page showed a team of 2 to 10 employees as of November 8. The careers page describes a small team and accepts general applications, especially from people with AI or software backgrounds combined with finance, procurement or legal expertise. It gives no hiring total.
What's next
Juritas said it will use the funding to bring the product to enterprise customers. It did not disclose a spending breakdown, hiring target or runway. Without named customers or recovery figures, the open question is how much money its software can actually find for them.
