Copenhagen LegalTech startup Pandektes has secured a €2.9 million Seed investment to further develop AI solution to help legal professionals navigate legislation, find new case law, prompt legal queries, and build knowledge-bases.
The investment round included participation from Danish venture capital firm People Ventures, German fund Interface Capital, and a group of prominent Nordic business angels. Pandektes aim is to dismantle jurisdictional barriers in Europe and build a legal database with millions of legal sources from across the 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.
Pandektes was founded in 2023 by Casper Laursen and Søren Brokær. With the latest development in large language models and artificial intelligence, the two entrepreneurs finally saw an opportunity to challenge the market. They have developed an AI-tool that enables legal professionals to find and navigate in rulings, legislations and other legal sources.
In two years, the startup has gained over 100 customers in Europe – among them legal councils, public institutions and law firms in Germany and Denmark. With the new investment, their vision is to build a platform that covers the entire EU, which will reportedly make Pandektes the first to build a database of rulings across all EU jurisdictions.
“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,” Laursen elaborates.
Pandektes has raised around €3.9 million from prominent investors such as People Ventures, Interface Capital and a group of prominent European business angels.
“This is a perfect example of how artificial intelligence is going to strengthen the legal industry,” says 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.”