Danish legaltech startup Pandektes has successfully raised €2.9 million in Seed funding to expand its AI-powered legal research platform. The funding round was led by People Ventures, with participation from Interface Capital and Nordic business angels. Pandektes' innovative software helps legal professionals access and analyze vast amounts of case law and legislation across the European Union, significantly streamlining legal research and improving efficiency.
The investment will be used to further develop Pandektes' database, expanding its coverage to encompass all EU jurisdictions. This expansion aims to create a comprehensive, searchable resource containing millions of legal sources, breaking down jurisdictional barriers and promoting greater transparency within the legal field. The company's platform is already utilized by legal councils, public institutions, and large law firms in Germany and Denmark.
Pandektes' AI-driven approach offers a significant improvement over traditional legal research methods, reducing research time from days to seconds. This efficiency boost is expected to have a substantial impact on the legal industry, enhancing the rule of law and promoting greater transparency. The company's founders, Casper Laursen and Søren Brokær, envision Pandektes as the largest legal database in Europe.
The success of this funding round underscores the growing interest in AI-driven solutions within the legal sector and highlights Pandektes' potential to disrupt the traditional legal research landscape. The company's rapid growth and positive customer feedback have attracted significant investor interest, positioning Pandektes for continued expansion and market leadership.
