An important milestone for Jur and the legal tech industry moving towards decentralization.

Business Insider has just released news on the recent $1M funding round by Draper Associates, tech investor and venture capitalist Tim Draper’s seed-stage firm, on the legal tech startup Jur AG.

Jur’s digital courts are the future of decentralized justice. The JUR token will be the token of justice in the new blockchain era

– Tim Draper

The JUR token was launched in August 2019 as an Initial Exchange Offering (IEO) on the OceanEx Platform and it is also currently listed on CoinGecko. You can find details about the IEO on the official OceanEx website.

In the exclusive interview with Business Insider, Jur’s CEO and founder Alessandro Palombo talked about his vision for growth. According to Insider’s legal reporter Yoonji Han, Palombo said the startup has plans to use its fresh $1 million investment from Draper Associates to expand its tech and customer success teams to scale its product. The company also recently made some key senior hires, including a new Chief Operating Officer and Chief Product Officer.

This is a validation not only for the Jur team and community but for the entire legal industry as we lead the movement towards decentralised justice. With this funding, Jur will be well on its way to revolutionising the legal tech industry by providing justice at the speed of business.

Tim Draper, known to support many tech and blockchain projects, is one of the early investors of successful tech unicorns such as Twitter, Skype, and DocuSign, just to name a few. His investment in Jur is a resounding vote of confidence and affirmation of our potential to innovate the legal industry.

This news is a welcome addition to our growing list of milestones such as the collaboration between Jur and the UK government through LawtechUK and Tech Nation, and Jur’s recent participation in MDR LAB’s accelerator program.

Jur’s online dispute resolution platform was released on 31st March and it is now accepting applications for beta-testers who will help us shape the future of justice. Learn more about it here.