Lexroom raises $50m Series B to expand AI legal platform across Europe
Summary
Italian legal AI startup Lexroom has successfully raised $50 million in a Series B funding round led by Left Lane Capital. The Milan-based company, founded in 2023 by CEO Paolo Fois and co-founders Martina Domenicali and Andrea Lonza, develops AI tools for lawyers in civil law markets. Its platform assists with contract drafting, legal opinion preparation, and knowledge library management across 12 specialized areas including privacy, banking, litigation, labour, and criminal law. The company operates a proprietary legal database containing over six million verified references and currently serves more than 8,000 law firms and corporate legal teams. The funding round was supported by investors including Base10 Partners, Acurio Ventures, View Different, Entourage, and asset manager Eurozeo. Lexroom plans to use the capital to expand its infrastructure across multiple jurisdictions, opening offices in Barcelona, Madrid, and Berlin. This Series B follows an $8 million Series A round raised eight months prior and brings the company's total capital raised to over $73 million.
(Source:Complete Ai Training)