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UKTN | The Podcast

Funding & investment, what they don't tell you - Richard Mabey, Co-founder & CEO of Juro

UKTN | The Podcast

UKTN

Technology, Entrepreneur, Tech, Business, Hr, Sales, Uktech, Investing, Funding, Entrepreneurship, Marketing

56 Ratings

🗓️ 15 March 2022

⏱️ 46 minutes

🧾️ Download transcript

Summary

This week’s guest is Richard Mabey, co-founder and CEO of Juro, an all-in-one contract automation platform, which enables your team to create, approve, manage, and sign contracts in one unified workspace. Mabey discusses his naivety in the obstacles and lengths you need to go to when raising money. From his confidence in taking on Microsoft to his one chance pitching to the co-founder of Gumtree - Mabey lays it all bare on funding, investment and standing out from the crowd. Juro most recently closed a Series B round of £23m and has seen expansion of the business to over 85 countries.

Transcript

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0:00.0

0.9 capital who led that seed had actually written us a small check in the angel round.

0:10.6

In sort of framing the competition, I went in pretty bullish with everyone on like,

0:14.2

we're going to kill Microsoft Word. I have like one shot to kind of go and pitch to the co-farin

0:19.6

of Gumtree.

0:26.0

It's so damn hard, right, raising money. You've got to, you've got to get pretty extreme lengths.

0:33.5

Hi, and thanks for tuning in. My guest today is Richard Mabee, who is the co-founder and CEO of Juro.

0:42.6

Jura was the all-on-one contract automation platform, which enables your team to create, approve, sign and manage contracts in one unified workspace.

0:52.9

I invited Richard on the show to talk me through his seed round of 2 million, his series A round of 5 million and his most recent round series B of 23 million.

0:57.9

We talk about the importance of picking the right VCs and Richard explains how his customers introduced Juro to the investors in the United States.

1:01.3

I'm your host Mark McDonough and this is the UKTN podcast.

1:05.4

Our sponsors of the show, Uncapped, believe it's crazy that for e-commerce businesses to fund

1:10.5

growth through marketing,

1:11.9

infantry or hiring, they have to sell equity to VCs, especially when they know they make that

1:16.7

money back right away. Uncapped solved that problem. Already helping over 500 businesses worldwide,

1:22.3

they offer up to 5 million of capital for a flat fee. You pay back only as you generate sales, no dilution or loss

1:29.6

of control. Founders simply apply online, receive a decision within 24 hours and make monthly

1:34.9

repayments that flex with your revenue. Head to we are uncapped.com forward slash UKTN to find out more.

1:42.3

And to avail of a 10% discount off your fees, use the code UKTN10. That's UKTN to find out more. And to avail of a 10% discount off your fees, use the code

1:45.9

UKTN10. That's UKTN10. Now let's get into the show. You've obviously closed a number of rounds

1:56.6

of funding from from Angel to C to series A right up to your latest round series B.

2:04.5

And I'd love to get an insight based on what we've talked about before.

2:09.2

Along your journey from your angel round to how difficult you found that and what you went

...

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