Harvey rival Lexroom raises $50M to power AI for Europe’s one million lawyers
Milan-based Lexroom secured $50 million in Series B funding to expand its AI legal research platform across Europe, targeting the underserved civil law market.Summary
Milan-based Lexroom has successfully raised $50 million in Series B funding led by Left Lane Capital, bringing its total funding to over $73 million. The platform, which serves more than 8,000 law firms, is designed to address the specific needs of civil law jurisdictions in continental Europe, a market largely underserved by US giants like Harvey and Swedish competitor Legora. Unlike general-purpose legal AI, Lexroom has built a proprietary database of over six million verified documents, including legislation, case law, and regulatory materials, to ensure accurate and traceable outputs. The company plans to use the new capital to expand into Spain and Germany, rebuilding its data infrastructure for each jurisdiction. Since its founding in 2023, Lexroom has grown its ARR more than twelvefold and expanded its headcount from 30 to 90, with a target of 200 by the end of 2026.
(Source：Techfundingnews)
