Danish legaltech Pandektes has secured a €2.9M Seed round from People Ventures, German fund Interface Capital and Nordic business angels.
Pandektes' AI software enables legal professionals to navigate legislation, find case law, prompt legal queries and get answers and build knowledge-bases via its organised and searchable databases.
With this new legal research platform, Pandektes aims to dismantle jurisdictional barriers in Europe and build an enormous legal database with millions of legal sources from across the EU. Its services are used by legal councils, public institutions and large law firms in Germany and Denmark.
With the new investment they will expand their database of rulings across all EU jurisdictions aiming to build a platform that covers the entire EU.
"Legal professionals currently have access to only a small fraction of the legal resources they need. In Denmark, for example, lawyers can access less than half a percent of all court rulings each year. Our AI tool changes that by making more of these rulings available, searchable, and easy to find. This will enhance the rule of law, promote greater transparency in legal practice, and significantly boost efficiency in the industry. What used to take days of legal research, we can now accomplish in seconds. That’s a true revolution," says Casper Laursen, CEO of Pandektes.
The company was founded in 2023 by Casper Laursen and Søren Brokær.
“Our competitive advantage is that we can cover an international market which means that a French or a German ruling can be used as a source in a Polish court case. Without Pandektes that would be impossible because you would have to search in foreign databases in languages that you wouldn't understand. We are going to build the largest legal database in Europe,” he elaborated.
“This is a perfect example of how artificial intelligence is going to strengthen the legal industry,” added principal and CFO in People Ventures, Magnus Sagsted. “Pandektes has had an impressive growth rate, they’ve built a comprehensive product in a very short time and they are working on a market with little competition that screams for innovation. Most important of all, they’ve built a product that they’re customers are happy about in a market that has been monopoly-driven for years."
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