The Danish legaltech company Pandektes has secured a €2.9 million seed investment from Danish venture capital firm People Ventures, German fund Interface Capital, and a group of prominent Nordic business angels. Pandektes has developed an innovative AI solution that enables legal professionals to navigate legislation, find case law, prompt legal queries and get answers, build knowledge-bases, and gain deeper legal insight in just a split second. 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.
Pandektes was founded in 2023 by Casper Laursen and Søren Brokær. For years, the legal industry had dreamt of a digital tool that could solve time consuming legal research processes. Unfortunately, the technology was immature and the market was monopolized in many countries. With the latest development in large language models and artificial intelligence, the two entrepreneurs finally saw an opportunity to challenge the market.
“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.
In just two years, the startup has gained over 100 customers in Europe – among them legal councils, public institutions and large law firms in Germany and Denmark. With the new investment, their vision is to build a platform that covers the entire EU, which will 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,” Casper Laursen elaborates.
People Ventures, who is leading the round, has high hopes for Pandektes and their AI solution.
“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,” he concludes.
