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Danish legaltech startup Pandektes has raised €2.9 million in seed funding, which it closed successfully. This round was led by People Ventures, German fund Interface Capital, and supported by Nordic business angels. It further highlights the increasing confidence in AI-driven solutions that are tailored to the legal sector.
Founded in 2023 by CEO Casper Laursen and co-founder Søren Brokær, Pandektes specializes in developing AI-powered software designed to streamline legal research.
The company’s platform enables legal professionals to navigate legislation, access case law, prompt legal queries, and build knowledge bases through organized and searchable databases. By dismantling jurisdictional barriers, Pandektes aims to create an extensive legal database encompassing millions of legal sources from across the European Union
Funding Details
The seed round worth €2.9 million was led by People Ventures, with participation from German fund Interface Capital and Nordic business angels. This significant investment reflects the confidence investors have in Pandektes’ innovative approach to legal research and its potential to significantly impact the legal industry across Europe.
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Market Context
Fragmented access to legal resources characterizes the legal sector in Europe, where professionals have access to a small fraction of available court rulings. For example, in Denmark, lawyers have access to less than half a percent of all court rulings each year.
Such limited access affects efficiency and transparency in legal practice. Pandektes overcomes this challenge by making more rulings available, searchable, and easy to find, thereby enhancing the rule of law and promoting greater transparency.
Pandektes’ AI-driven platform allows legal professionals to:
- Navigate Legislation: Access and interpret complex legal texts across different jurisdictions efficiently.
- Access Case Law: Retrieve relevant case law from an extensive database covering multiple EU countries.
- Prompt Legal Questions: Use AI to provide answers to specific legal questions, allowing for faster decisions.
- Knowledge Bases: Structure and store legal information in an organized way to retrieve and reference easily.
Pandektes will be the first to cut down the days it takes to research a question to seconds. It is truly a revolution in the field.
Future Plans
The funding just secured is supposed to facilitate expansion of its database of rulings covering all the EU jurisdictions with an aim of achieving a complete coverage of the whole European Union.
The firm intends to advance the AI to become more specific and comprehensive on research tools to enhance legal studies. Pandektes also wants to increase the users by focusing on legal councils, public institutions, and huge law firms throughout Europe.
