Lexroom closes EUR 16 million A round
The funding, led by Base10 Partners, includes the Spanish fund Acurio Ventures, View Different and Entourage, Verve Ventures and Joe Zadeh
by Mo.D.
2' min read
Key points
2' min read
Lexroom, the artificial intelligence platform for the legal sector, announced the closing of a €16m Series A round between primary and secondary led by Silicon Valley venture capital fund Base10 Partners. Also participating in the round were the Spanish fund Acurio Ventures, Diego Piacentini's View Different and Riccardo Zacconi, founder of King (Candy Crush), along with other strategic angel investors. The deal also saw the confirmation of support from existing investors such as Entourage, Verve Ventures and Joe Zadeh.
After the investment, Rexhi Dollaku, Base10's general partner and long-standing investor will join Lexroom's board, opening a new chapter of international growth for the startup. The completion of the investment will be subject to Golden Power from the Italian government.
The Italian start-up
.Founded in Italy in 2023 by Martina Domenicali, Andrea Lonza and Paolo Fois, Lexroom was born with the mission to simplify and innovate the work of lawyers and legal professionals, in the firm and in the company, thanks to Generative AI. The platform makes every step of legal work faster, safer and smarter: from legal research to drafting deeds and strategic support in consulting.
'The legal industry is going through a real revolution,' comments Paolo Fois, CEO and co-founder of Lexroom. 'The market has been extremely receptive to our solution and today thousands of professionals consider us a trusted partner in their daily work. We are excited to continue this growth path together with Base10. With this round we will accelerate internationalisation, because the future of the legal industry is played out on a global scale and is still to be built."
Only six months after the EUR 2 million Seed Round, led by Entourage, the start-up has doubled its staff and tripled its client base. The company's database already contains over 5 million legal documents and adopts a hyper-localisation approach capable of adapting to different jurisdictions, serving individual practitioners and large corporate teams with equal effectiveness.
