LegalTech startup Pandektes raises €2.9 million to automate the European legal sector

Copenhagen LegalTech start-up Pandektes has actually safeguarded a EUR2.9 million Seed financial investment to more create AI service to assist lawyers browse regulation, discover brand-new situation legislation, punctual lawful inquiries, and construct knowledge-bases.

The financial investment round consisted of involvement from Danish equity capital company Individuals Ventures, German fund User interface Funding, and a team of noticeable Nordic organization angels. Pandektes purpose is to take apart administrative obstacles in Europe and construct a lawful data source with numerous lawful resources from throughout the EU.

“ Lawyers presently have accessibility to just a little portion of the lawful sources they require. In Denmark, for instance, attorneys can access much less than half a percent of all court judgments yearly. Our AI device adjustments that by making even more of these judgments readily available, searchable, and very easy to discover. This will certainly improve the regulation of legislation, advertise higher openness in lawful method, and dramatically enhance performance in the sector. What familiar with take days of lawful study, we can currently complete in secs. That’s a real change,” claims Casper Laursen, Chief Executive Officer of Pandektes.

Pandektes was established in 2023 by Casper Laursen and Søren Brokær. With the most recent growth in huge language versions and expert system, both business owners lastly saw a possibility to test the marketplace. They have actually created an AI-tool that allows lawyers to discover and browse in judgments, regulations and various other lawful resources.

In 2 years, the start-up has actually acquired over 100 clients in Europe– amongst them lawful councils, public establishments and law office in Germany and Denmark. With the brand-new financial investment, their vision is to construct a system that covers the whole EU, which will apparently make Pandektes the very first to construct a data source of judgments throughout all EU territories.

“ Our affordable benefit is that we can cover a global market which indicates that a French or a German judgment can be made use of as a resource in a Polish lawsuit. Without Pandektes that would certainly be difficult since you would certainly need to look in international data sources in languages that you would not comprehend. We are mosting likely to construct the biggest lawful data source in Europe,” Laursen clarifies.

Pandektes has actually elevated around EUR3.9 million from noticeable financiers such as Individuals Ventures, User Interface Funding and a team of noticeable European organization angels.

“ This is an excellent instance of just how expert system is mosting likely to reinforce the lawful sector,” claims principal and CFO in Individuals Ventures, Magnus Sagsted “ Pandektes has had an excellent development price, they have actually developed an extensive item in a really brief time and they are working with a market with little competitors that howls for advancement. Essential of all, they have actually developed an item that they’re clients enjoy regarding in a market that has actually been monopoly-driven for many years.“

The blog post LegalTech startup Pandektes raises €2.9 million to automate the European legal sector showed up initially on EU-Startups.