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Breaking from Business Insider: VC Tim Draper Invests $1M in Jur & Contributed on the Token of Decentralised Justice
2 min read
An important milestone for Jur and the legal tech industry moving towards decentralisation. 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. More: Main website - jur.ioPrivate Beta Platform - Open JusticeJur MDR legal tech Acceleration programJur LawtechUK SME feasibility studySocial media -TwitterSocial media - LinkedinTelegram community

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Jur to Start MDR LAB Legal Tech Acceleration Program
We are proud to announce that Jur has been selected to participate in Mishcon De Reya’s MDR LAB. The program will start in December 2020 and continue for twelve weeks. To reduce COVID-19 risks, the entire program will be run remotely. MDR LAB is a series of programmes that seek to launch, improve and scale the next generation of LegalTech. It receives approximately 100-150 startup applications and cohort membership is competitive and exclusive. MDR LAB’s 2020 acceleration program "Improve" represents a unique opportunity to work with a top legal tech team that has a proven track record to boost the upcoming launch of our Open Justice Platform. Jur and the MDR LAB team will work closely on establishing product-market fit and the testing and polishing of the roadmap for the Open Justice Platform, a new dispute resolution system designed to deliver faster, affordable, and more reliable justice in 166 jurisdictions worldwide.   The MDR team and the MDR LAB have professionals such as Tom Grogan, Alistair Moore and Nick West, all of whom offer a unique expertise in DLT technologies. One of MDR’s most recent achievements is the creation of the White paper for DLT use for the UK Land Registry.   Jur will participate in the program alongside Draftwise, a knowledge management and contract drafting startup. Founded by ex-Palantir team members with a core team based out of New York. Draftwise recently graduated from the Y Combinator 2020 batch.   We are really excited to join the MDR LAB. We encountered an outstanding team with deep expertise in DLT projects and a successful track-record in supporting startups who are scaling up. I believe that this cooperation will be strategically beneficial for the product-market fit of Jur and will help achieve our milestones over the coming months. We are extremely excited to start this journey!Alessandro Palombo, CEO of Jur We were originally interested in Jur because we have a shared vision of how we can use technology to democratise arbitration and improve the way it currently works. This is something MDR LAB have thought about for some time and the impetus to change has only intensified during the COVID-19 pandemic. We look forward to bringing the best of the MDR Group and our subject matter experts to help Jur achieve their business and societal objectives.Dan Sinclair, head of the MDR LAB We are developing the first multi-jurisdiction online dispute resolution platform, the Open Justice Platform. Learn more.