Slovak AI Startup Cequence Raises €2M Seed Funding to Scale Contract Management Platform

Founded in Slovakia, Cequence specialises in AI-powered contract management solutions that help enterprises automate their contract workflows.

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 (€1.7 million), with participation from Czech Look AI Ventures (€200,000) 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 automation platform.

This investment is a key step on our journey towards international growth. 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.

says Rastislav Kovaľ, CEO and co-founder of Cequence.

AI Technology That Makes Contract Processes Faster and Smarter

Cequence’s AI-powered platform automates the entire contract lifecycle — from drafting and negotiation to approval and performance monitoring. The platform leverages advanced artificial intelligence, machine learning, and natural language processing to understand contract terms deeply, extract key information such as pricing, categories, and supplier details, and interpret the true meaning of contract clauses.

Using AI technologies, including OpenAI’s ChatGPT, the platform helps reduce errors and delays by up to 90%, shortens contract approval times by tens of percent, and significantly improves productivity across legal, procurement, and sales teams. The systematic, rule-based automation reduces human error whilst speeding up contract execution by up to 50%.

Cequence is fundamentally redefining how companies manage contracts.

With an exceptional product team, rapid deployment, and strong scalability, Cequence is well positioned to become a market leader. We’re excited to support their next phase of growth.

says Kamil Levinský, Managing Director at Jet Ventures.

Strong Market Position in Growing Legal Tech Sector

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.

Key Platform Differentiators

Cequence stands out from traditional contract management tools through several key features:

Advanced Integration Capabilities: The platform seamlessly integrates with widely used enterprise tools including MS Word (Office 365), Slack, DocuSign, Salesforce, and SAP, facilitating smooth data flow within existing ecosystems whilst maintaining an intuitive interface with full-text search and smart notifications.

Customisation and Scalability: The system supports fully customisable workflows and templates, allowing businesses to tailor the platform to their specific needs. Designed for agile deployment with Single Sign-On access, it can be hosted on-premise or in various cloud environments.

Enhanced Collaboration: Multi-user access, version control, and real-time editing within MS Word enhance collaboration among legal, procurement, and sales teams, making contract management more efficient and transparent.

Proven Results with Enterprise Clients

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.

Clients report impressive results within the first year of implementation: a 62% increase in compliance with contractual obligations and a 34% boost in team productivity. 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.