Jet Investment leads €2 million investment round in Cequence

(Brno, 12 June) Jet Investment Group has announced another venture capital investment and enters Cequence, a Slovak start-up, as the lead investor with €1.7 million in a two-million investment round. Cequence offers AI-powered end-to-end contract management software for medium and large enterprises. The funds will support further development and expansion of the company’s platform that automates contract management processes to increase the efficiency of businesses around the world.

Cequence's software enables legal, procurement, and sales teams across companies to effectively manage the entire contract lifecycle (CLM) – from drafting, through commenting and approval, to subsequent monitoring and evaluation of performance. Automation of the processes reduces the risk of errors and missed deadlines by up to 90%, shortens the time to approve a contract by dozens of percent, and significantly increases the productivity of teams across departments.

The company has already acquired over 20 major customers, including multinational corporations such as Dell, major banks such as Slovakia's VÚB, utility companies such as Slovenské elektrárne, telecommunications giant Orange and e-commerce players including Notino. Also, Cequence has more than 70 potential clients in negotiations. A 108% year-on-year increase in recurring revenue and 100% retention of existing customers confirm Cequence's strong position in the fast-growing contract management market.

Look AI Ventures, a Czech investment fund, joined Jet Investment in the investment round. The project also received backing from a group of angel investors from Slido, one of the most successful Slovak start-ups ever.

"Cequence is fundamentally changing the way companies manage contracts thanks to automation and artificial intelligence," says Kamil Levinský, managing director of Jet Ventures, adding: "With its rapid implementation, seamless integration and scalability, Cequence has a unique chance to occupy this market as a leader. We see huge potential in Cequence and look forward to supporting it in its further growth."

"The investment represents a key milestone for us to expand internationally," says Rastislav Kovaľ, CEO and co-founder of Cequence. "Jet Ventures' support will enable us to spread our technology faster and help companies efficiently manage contracts at scale."

The investment in Cequence is part of the expansion of Jet Investment's strategy to cover venture capital investments, for which it opened a brand new fund, Jet Venture 1, in October 2024. The fund focuses on promising technology companies that have the potential to transform traditional industries and businesses. This is Jet Investment's third investment in the start-up sector, following its previous investments in Partory and International Automotive Group.

In the coming years, Jet Investment has ambitions to invest a total of up to €50 million in ownership shares of innovative start-ups in Czechia and other Central European countries through the Jet Venture 1 portfolio.