Jurata raises CHF 0.5m to reinvent the legal market

Zurich-based legal tech startup Jurata has closed an oversubscribed pre-seed funding round with renowned investors. The funds will be used to launch novel legal products and pave the way for international expansion.

Incorporated in September 2020, Jurata aims to provide individuals and SMEs with access to legal services that are transparent, digital, and intuitive. The legal market lags far behind other industries regarding digitization and customer-friendliness. Legal customers, companies or private individuals are confronted with a confusing, inaccessible, and untransparent market in terms of pricing.

Co-founders David Roegiers, Luca Fábián, David Roegiers developed the Jurata platform, matching several hundred mandate requests per month with suitable lawyers in an efficient and largely automated matching process. Law-seeking private individuals and SMEs thus receive transparent offers from several available lawyers within a very short time, enabling them to make an informed decision. Approximately 1,200 lawyers ( roughly 10% of the Swiss lawyer population) are present on Jurata.

"The high acceptance of our platform among the legal community is very encouraging. We are convinced that all parties benefit when new, innovative business models are established in the legal market. Accordingly, we work closely with lawyers in the further development of the platform," says Fábián.

In addition, Jurata is investing heavily in the productization and automation of essential legal services to enable lawyers to focus on providing tailor-made advice in complex legal cases. It has implemented products for largely automated company incorporations and trademark registrations and the automated drafting of employment contracts.

The oversubscribed round was led by Ralf Schlaepfer, a former managing partner at PWC and Deloitte, with the participation of the Swisspreneur Syndicate. Silvan Krähenbühl, the Managing Director of Swisspreneur, says, "From an investor's point of view, platform models are very attractive because of the network effects they entail. Moreover, it was obvious that there is a vast need for digitization in the legal sector, which is why we chose Jurata for our first investment with the new Swisspreneur Syndicate.

The investment will enable Jurata to continue its strong growth in Switzerland, launch more innovative legal products and prepare for its international expansion. A significant share of the funds will be invested in expanding the team, which today consists of five employees.

(Press release/RAN)
Photo:  Jurata team L-R David Roegiers, Simon Raess, Luca Fábián