- The Danish legaltech company Pandektes has obtained €13.5 million in its Series A funding round, with Alstin Capital acting as the lead investor.
- Pandektes intends to compete with Karnov, LexisNexis, and Westlaw and also wishes to license its data to legal AI developers.
- The company states that its revenue has increased by a factor of six over the past year and that it now has over 500 customers.
When public tenders for legal research software are issued, they usually refer to specific brands rather than general categories. This Danish startup has raised €13.5 million to change this.
Pandektes, based in Copenhagen, completed its Series A round, led by Alstin Capital. PROfounders, Scale Capital, and several unnamed existing investors also participated.
The platform collects, arranges, and links legislation, court rulings, and administrative decisions and associates them with an organisation’s own documents. Its key advantage is enabling legal work across borders.
The company will use the funds to expand in Europe and North America, grow its team, and make more infrastructure available to external developers through an API.
A market built one country at a time
Pandektes aims to replace LexisNexis, Westlaw, Beck, and Karnov. Although most legal information is available to the public, it is difficult to collect it from thousands of different sources and to ensure its reliability for use in court. As a result, in each country, one main provider has become the standard source of legal information.
Pandektes states that this has given rise to a market with “monopoly-like dynamics”, in which switching is difficult, prices continue to rise, and there is little motivation to improve.
Well-established companies continue to grow; for instance, Karnov Group serves over 400,000 users and has approximately 1,200 employees in six countries. For the third quarter of 2025, it achieved net sales of 654 million Swedish kronor and recorded organic growth of 3.9%.
More than 7,000 authors and experts produce the site’s content, and the company recently launched an updated version of its KAILA tool for analysing legal documents. Pandektes will therefore face competition from these large and growing businesses.
“Building a serious challenger was always deemed impossible. Today, we can collect and make
sense of legal information at a scale that was not feasible before. That fundamentally changes
what legal research can be,” says Casper Laursen, CEO of Pandektes.
Among its well-known customers is Energinet, a Danish energy company. According to LinkedIn posts by Laursen, Pandektes was named Danish Legal Tech Firm of the Year 2026 at the Nordic Legal Tech Day in Copenhagen.
Investors also note this gap from the buyer’s perspective. Andreas Schenk of Alstin Capital: “We have rarely seen a market like legal research, where so many end-users would like to switch their core system but historically simply couldn’t. Pandektes is building a modern data infrastructure for the entire European legal landscape that makes exactly that possible.”
The data layer under legal AI
Most of the money being invested in legal AI is going to companies developing assistant tools.
For instance, Harvey raised $550 million in September 2026 and has since reached a valuation of about $15.5 billion, while also developing its own AI models. Legora raised $600 million in its Series D funding round and has now reached a valuation of $5.6 billion, with reports indicating it is seeking additional financing.
In Europe, several other funding rounds have taken place, including Luminance’s $75 million Series C, Lawhive’s $40 million Series A, and Genie AI’s £13.3 million Series A.
Pandektes does not regard these platforms as direct competitors. Instead, it encourages legal software developers to use its structured data via the API, since no single company can satisfy the requirements of every legal system.
Laursen believes the next generation of legal products will be only as good as the data they are based on. To create systems that legal professionals can truly trust, the data must be structured and optimised from the start for use by AI agents and other AI systems, which is exactly what we do every day at Pandektes.
Although the market is large, it is difficult to predict. According to Fortune Business Insights, the legal AI software market is expected to be worth $5.21 billion in 2026 and may rise to $40.94 billion by 2034, representing an annual growth rate of 29.4%.
Founders, investors and what comes next
Laursen and Søren Brokær established Pandektes in Copenhagen in 2022, and it now has around 55 employees. The company had raised approximately €3.9 million before this round, including the February 2025 seed funding from People Ventures, Interface Capital, and Nordic business angels.
Pandektes also wants to expand its infrastructure to more countries in Europe and North America by providing legal data in a consistent format to make cross-border research easier.
Although Pandektes has proven that it can sell its services to law firms, its greater difficulty lies in getting other legal AI developers to license its data rather than producing their own. The API waitlist will indicate the level of interest in this approach.
