MILAN — Lexroom closed a $50 million Series B funding round on Tuesday, led by Left Lane Capital, bringing total funding to over $73 million just eight months after a $19 million Series A round. The Milan-based company targets more than one million lawyers across continental Europe with its proprietary database of six million verified legal documents.
Paolo Fois, Martina Domenicali, and Andrea Lonza founded Lexroom in 2023 to address civil law systems relying on codified statutes rather than the common-law jurisdictions prioritized by competitors like Harvey and Legora. The platform currently serves a client base of over 8,000 law firms seeking jurisdiction-specific procedures across Europe.
Chief Executive Officer Paolo Fois stated in a release that civil law countries require an AI legal engine capable of reasoning through constantly updated laws and relevant case law. With the new capital from Left Lane Capital, Lexroom plans to build localized legal datasets and compliance infrastructures specifically tailored for Spain and Germany.
Competitors have drawn massive venture backing, including a $300 million Series D round for Harvey at an $11 billion valuation and a $550 million Series D round for Legora at a $5.55 billion valuation. Lexroom relies instead on its civil law focus to capture market share previously left unserved by generic common-law applications.
Annual recurring revenue grew more than twelvefold in under 18 months, according to the company. Lexroom expanded its workforce from 30 to 90 employees during that same timeframe, and CEO Paolo Fois maintains a hiring goal of reaching 200 workers by the end of 2026.
