Cequence Funding News-Slovakia-based Cequence Secures €2M In Seed Round

The company is building an AI-powered contract management platform. Founded in 2018 by Rastislav Kovaľ, Peter Banda, Martin Ragan, and Martin Rázus, Cequence has now raised a total of €3 million so far.

The funding will help Cequence expand internationally and continue improving its AI-powered contract management platform. The goal is to scale the technology quickly and support more companies in managing contracts efficiently.

The €2 million round included €1.7 million from Czech Jet Ventures, €200,000 from Look AI Ventures, and support from angel investors linked to Slido, one of Slovakia’s top startups.

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Cequence already works with 20+ enterprise clients, including Dell, Arcondis, VÚB Bank, Slovenské elektrárne, Notino, and Orange.

Cequence’s AI-powered platform automates the entire contract process—from drafting and negotiation to approval and performance tracking.

Built using AI tools like OpenAI’s ChatGPT, the platform helps cut errors and delays by up to 90%, speeds up contract approvals, and boosts productivity for legal, procurement, and sales teams.

Trained on real contract data, the platform delivers a 49% faster turnaround and a 34% increase in team productivity, based on actual customer results.

As demand for automated contract management grows, Cequence stands out with features like a real-time collaborative editor and dynamic playbooks—making every contract easy to manage, track, and audit, all while working seamlessly with Microsoft tools already in use.

Cequence was founded by four experts in legal, procurement, and technology, inspired by their shared frustration with slow and manual contract processes in the corporate world.

The recent funding round was led by Jet Ventures, a firm known for supporting European tech startups, especially those focused on AI-powered enterprise solutions.

“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 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.”

“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.

In the past year, Cequence has grown its recurring revenue by 108% and kept all its existing clients. The company is also in talks with over 70 potential new clients.

Headquartered in eastern Slovakia, Cequence has teams in Bratislava, Graz, and other parts of Europe. Its goal is to become a global leader in contract lifecycle management (CLM) while supporting the growth of Slovakia’s innovation ecosystem.

About Cequence

Cequence, a contract lifecycle management platform based in Central and Eastern Europe (CEE), simplifies contract workflows by automating manual tasks and reducing human error. Designed for businesses of all sizes, Cequence combines the ease of a consumer-friendly experience with the power of enterprise-grade tools, using the latest technologies like AI, machine learning, and natural language processing.