Pandektes, a Copenhagen-based LegalTech company specialising in legal research, has raised €13.5 million in a Series A funding round.
The round was led by Alstin Capital, a Munich-based early-stage venture capital firm with a focus on B2B software companies. The round also saw participation from PROfounders, Scale Capital, and existing investors. The Series A follows the company’s €2.9 million Seed investment announced last year.
“We have rarely seen a market like legal research, where so many end-users would like to switch their core system but historically simply couldn’t. Pandektes is building a modern data infrastructure for the entire European legal landscape that makes exactly that possible,” said Andreas Schenk, Managing Partner at Alstin Capital.
Founded in 2022 by Casper Laursen and Søren Brokær, Pandektes has built a platform that continuously collects, structures, and connects legal information spanning legislation, court decisions, administrative rulings, and other legal sources, and combines it with an organisation’s own data. The company says the platform gives legal professionals faster, more reliable access to legal research than existing services.
The process of aggregating legal information from thousands of sources, structuring it, and keeping it updated remains complex, which has led to near-monopoly status for local incumbents. Pandektes believes the advancements in AI have fundamentally changed that notion, and its platform is taking on a handful of established players, including LexisNexis, Westlaw, Beck and Karnov.
“Building a serious challenger was always deemed impossible. Today, we can collect and make sense of legal information at a scale that was not feasible before. That fundamentally changes what legal research can be,” said Laursen, co-founder and CEO at Pandektes.
The traction to date suggests Pandektes can move the needle in an industry where switching costs have been high and innovation limited. It is currently active in Denmark, Germany and Switzerland and used by more than 500 law firms, enterprises, and public institutions. The company reports sixfold revenue growth over the past 12 months, and around two-thirds of organisations that trial the platform become paying customers.
Pandektes, however, doesn’t want to be the LegalTech platform replacing legacy research platforms. It wants to be the foundational data layer for any organisation building legal technology by supplying them with accurate and structured legal data through its API.
“We believe the next generation of legal products will only be as good as the data they are built on. To create systems legal professionals can truly trust, that data needs to be structured and optimised from the ground up for AI agents and other AI systems. That is what we work on every day at Pandektes,” added Laursen.
The new capital will be used to expand the company’s footprint across Europe and North America, with the aim of making cross-border legal research consistent and accessible. The company will also use the funding to grow its team and open its technology infrastructure through an API.