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The RegTech Jupus has already collected around 8 million. The Cologne startup’s investors include the Munich investor Acton Capital. Fritz Oidtmann from Acton sees Jupus as having “the potential to set a new standard in the legal world of work.”
One of the many startups that you should definitely keep an eye on is the million-dollar Cologne startup Yupus. The young company, which was founded in 2022 by René Fergen, Tarek Stolz and Ralf Riesen, would like to establish itself as an “AI secretariat for lawyers”.
“We are at the beginning of a new era for the legal market. Artificial intelligence will fundamentally change the way legal work is organized and carried out. With Jupus, we are leading this change and enabling law firms to radically simplify and accelerate their work processes. Our goal is to cushion the increasing shortage of skilled workers and give law firm teams the freedom to fully concentrate on what really counts: advising their clients,” says founder Fergen about the idea behind Jupus.
The Munich investor Acton Capital and existing investors such as High Tech Gründerfonds (HTGF) recently invested 6.5 million euros in Jupus. HTGF, Combination VC and business angels such as Felix Plog previously invested 1.3 million euros in the young company. “The legal market is facing upheaval and Jupus is ideally positioned to lead this change. The team has impressively demonstrated how legal processes can be automated through the use of AI – with massive increases in efficiency for law firms. We see Jupus as having the potential to set a new standard in the legal world of work,” says Fritz Oidtmann from Acton Capital.
Jupus is without question one of the startups that we will all be hearing a lot about.
Get started in Cologne – #Koelnbusiness
In our focus on Cologne, we highlight the dynamic startup ecosystem of the Rhine metropolis. What are the conditions for founders, what investments flow into innovative ideas and which startups provide new impetus? Around 800 startups have already chosen Cologne as their location – supported by a lively start-up scene, a strong investor landscape and numerous coworking spaces, trade fairs and networking events. As a central contact point for the startup and innovation scene, the Cologne Business Economic Development Agency strengthens the framework conditions for founders, connects them with investors and offers targeted support. This section is supported by KölnBusiness. #Koelnbusiness on LinkedIn, Facebook and Instagram.
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