Cequence secures €2M to accelerate AI-powered contract management and European growth

Slovakia’s Cequence Raises €2M to Accelerate AI-Driven Contract Management

Cequence, a Slovakia-based startup, has secured €2 million in seed funding led by Czech Jet Ventures to enhance its 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 through multiple funding rounds.

This latest investment will fuel the company’s international expansion and accelerate the development of its AI-driven solution aimed at streamlining contract management for large enterprises.

Funding Round Details and Client Base

The funding round saw €1.7 million from Czech Jet Ventures, €200,000 from Czech Look AI Ventures, and contributions from angel investors linked to Slido, a successful Slovak tech startup. Cequence is already partnering with over 20 enterprise clients across diverse sectors, including Dell, Arcondis, VÚB bank, Slovenské elektrárne, Notino, and Orange.

AI Platform Cuts Errors and Boosts Productivity

Cequence’s platform automates the full contract lifecycle—from drafting and negotiation to approval and performance monitoring. Leveraging AI technologies such as OpenAI’s ChatGPT, it reduces errors and delays by up to 90%, shortens approval times significantly, and enhances productivity for legal, procurement, and sales teams.

Its AI, trained on real contract data, delivers a 49% reduction in turnaround time and a 34% productivity increase, as measured in customer environments. The platform integrates seamlessly with existing Microsoft ecosystems, offering a real-time collaborative editor and dynamic playbooks that make contract processes governed and auditable.

From Frustration with Manual Processes to CLM Innovation

The company was created by four founders with backgrounds in legal, procurement, and technology, driven by frustration with inefficient, manual contract workflows. Jet Ventures, focusing on AI-driven enterprise companies, led the funding round.

Rastislav Kovaľ, CEO and co-founder, stated, “This investment is a key step for our international growth. With support from Jet Ventures and other investors, we can scale our technology faster and assist more companies in streamlining contract management at scale.”

Kamil Levinský, Managing Director at Jet Ventures, added, “Cequence is redefining contract management with a world-class product team, quick deployment, and scalable technology, positioning it well to lead the market.”

Angelo Burgarello, Partner at Look AI Ventures, highlighted the platform’s unique AI focus on real contract data, which drives measurable improvements without disrupting existing Microsoft workflows. The collaborative editor and dynamic playbooks add confidence and proactive control over compliance and negotiations.

Strong Growth and Expansion Plans

Cequence has seen 108% year-over-year growth in recurring revenue and maintained full retention of existing clients over the past year. The company is actively engaging with more than 70 potential new clients. Headquartered in eastern Slovakia, Cequence also operates commercial and specialist teams in Bratislava, Graz, and other European cities.

The company’s ambition is to become a leading player in Contract Lifecycle Management (CLM) while contributing to the broader Slovak innovation ecosystem.

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