Irish founder Michelle Cotter has secured €1.4m in pre-seed funding for Juritas, a Stockholm-based start-up developing AI-powered contract intelligence software for businesses. The investment will help expand its engineering team, accelerate product development and establish the enterprise-grade infrastructure needed to support larger organisations.

The funding round was led by Passion Capital, with participation from Blackwood, Araya Ventures, Baseline, Angel Invest and the byFounders Angel Collective. According to ThinkBusiness’s report on the investment, Cotter founded the business in 2026 after leadership roles at legal AI company Legora, Revolut and Epidemic Sound, where she gained experience scaling enterprise operations.

The business is addressing a commercial issue that procurement teams face well beyond the initial negotiation: ensuring suppliers deliver the terms and commitments agreed in their contracts. Volume discounts can be missed, price adjustments may go unchallenged, and renewal dates or delivery obligations can pass without the right people taking action. When contract information is fragmented across departments, businesses can struggle to translate negotiated terms into measurable operational and financial outcomes.

Research from World Commerce & Contracting’s Contract Intelligence 2026 report estimates that organisations measuring contract value erosion lose almost 9% of contract value on average. The figure relates specifically to organisations measuring this erosion, rather than representing a universal loss across all businesses. Nevertheless, it illustrates why ongoing contract oversight is an important part of procurement performance.

Juritas aims to make that oversight more accessible. Its platform enables teams to ask questions about supplier agreements and receive answers that reference the relevant contractual clauses and identify actions required. Procurement and finance teams could, for example, check whether volume discount conditions have been met, identify outstanding supplier commitments or flag an approaching renewal deadline. The company's product information describes its wider ambition to connect contractual obligations with the information teams need to act on them.

The initial focus on supplier contracts gives the technology a clear connection to procurement and facilities management. Organisations managing outsourced cleaning, maintenance, security, catering and other services often oversee numerous agreements with different pricing structures, performance requirements and renewal conditions. Contract intelligence could help bring those commitments into a more accessible view, although Juritas has not announced independently verified customer savings or deployment results.

Cotter’s experience in enterprise technology provides the background for a product designed around the needs of larger organisations. The funding will support the development of its engineering capability in Stockholm and the security and infrastructure required for enterprise customers. Investors include Passion Capital, which is backing the company at its pre-seed stage.

For the sector, the lesson is direct: effective procurement requires more than securing favourable terms at the point of negotiation. Businesses also need to monitor supplier commitments and act on contractual opportunities throughout the relationship. Juritas is developing an AI-driven approach to help make that process more visible, supporting stronger commercial oversight and more informed supplier management.