Italian AI legaltech start-up Lexroom has completed its first acquisitions with the purchase of AI legal research start-ups Query Juriste and Praven Intelekt.
France’s Query Juriste is an AI-powered legal research tool for lawyers and legal teams, helping lawyers by searching relevant legal sources, analysing material and producing structured reports.
Meanwhile, Bulgarian start-up Praven Intelekt is an AI assistant for lawyers specifically focused on Bulgarian law, performing tasks such as legal research and analysing and drafting documents.
The deals mean the Milan-based legaltech company will now be operating in five European markets, with France and Bulgaria added to its existing footprint in Italy, Germany and Spain. It says that a jurisdiction-specific approach requires significant investment in legal data, compliance, product capabilities and the sourcing of local industry staff.
The company also says that scaling legal AI across different countries in Europe needs a reliable product that consumes local, certified and structured legal data.
Lexroom was founded three years ago and specialises in civil law markets, helping lawyers with drafting legal documents, legal research and summarising contracts.
Paolo Fois, co-founder and CEO of Lexroom, said: “Over the past year we’ve met dozens of founders building toward a mission close to ours. Query Juriste and Praven Intelekt stood out immediately: exceptional teams, real traction and products built with the same conviction we started Lexroom with. It doesn’t make sense to reinvent the wheel market by market.
“When we find founders who’ve already built something great, the smartest move is to combine Lexroom’s technology, scale and capital with local expertise and hustle. That’s how you build the category-defining platform for legal AI in Europe.”
Etienne Le Guay, co-founder and CEO of Query Juriste, who will lead Lexroom’s development in France, said that the firm was built on the conviction that AI is only useful to lawyers if it is built on legal data and not a general-purpose model.
He added: “We joined Lexroom because they built on the same data-first principle. It’s a chance to accelerate what we started in France and bring it to European scale.”
The Paris-based firm was founded two years ago by a trio comprising Le Guay, COO Maxence Mortagne and Emile-Luciano Lombardo.
Praven Intelekt was founded in Sofia last year by a triumvirate of CEO Siyanna Lilova, CTO Rangel Milushev and CRO Chris Tsanov.
Lilova will become Lexroom’s head of Central and Eastern Europe.
In May, Lexroom raised $50m in a Series B funding round that was led by Left Lane Capital, alongside venture capital firms Base10 Partners, Acurio Ventures, View Different, early-stage investors Entourage and asset manager Eurazeo.
It had previously raised $19m in a Series A round in September last year.
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