Source: contxto
Led by Alexia Ventures, the Series A will fund a freemium model to expand Lexter’s AI-powered legal services across Brazil.
Founded in 2020, Lexter.ai has been transforming its business model since the rise of generative AI. Initially offering basic AI for interpreting texts and classifying terms in contracts, the startup served major clients like Demarest, BMA Advogados, Cescon Barrieu, TozziniFreire, and Lobo De Rizzo for due diligence in mergers and acquisitions.
CEO and co-founder Pedro Jahara emphasizes that the service aims to assist lawyers, not replace them. Lexter’s AI can boost productivity by up to 50% in tasks such as due diligence, initial petitions, and legal contestations. The goal is to provide a draft for lawyers to review and refine.
With the new funding, Lexter plans to add more features to ensure daily usage by lawyers. The startup targets small law firms with up to 10 professionals, offering a freemium model and plans starting at R$99. Lexter also aims to educate professionals about the benefits of adopting new technologies through an institute launch in May.
Read full article: https://contxto.com/en/brazil/lexter-ai-raises-r16m-to-bring-ai-to-law-firms/
