Lexroom.ai funding news – Milan-based Lexroom.ai Secures €2 Million in Seed Funding

The funding round was led by Entourage, a Belgian B2B SaaS investment firm, with additional investments from Verve Ventures, Vento Ventures, Banyan Ventures, X-Equity (advised by FNDX), and angel investors like Joe Zadeh, former VP of Product at Airbnb. This follows a €500k pre-seed investment in less than a year.

Paolo Fois, Co-founder & CEO of Lexroom.ai said, “Since our journey began at Vento Ventures’ venture originator in 2023, our vision has been to empower legal professionals by optimising their most valuable resource: time, The arrival of investors like Entourage and Verve Ventures will allow us to grow our team and continue our dedication to​ service all professionals in the highly fragmented legal services market, aiming to become the go-to AI platform for law firms of all sizes.”

It offers tools to make legal work more efficient, from accurate legal research and document analysis to automatically creating legal briefs, contracts, and other documents.

The company aims to lead the digital change in the legal industry by partnering with law firms like Gatti Pavesi Bianchi Ludovici for corporate law, Ichino Brugnatelli & Associati for labor law, and WST Law & Tax Firm for tax law.

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Since launching, Lexroom.ai has grown to about 1,500 users, including both individual lawyers and law firms, most of whom use the platform daily. It is quickly approaching €1 million in annual revenue with a team of 15 employees.

With the new funding, Lexroom.ai plans to expand its product to more law firms, including solo practitioners, and become a major player in legal AI technology in Southern Europe. The company also plans to grow to 35 employees by the end of the year, with over 50% focused on product development.

Pieterjan Bouten, Founder and GP at Entourage sais, “Lexroom.ai is addressing a critical pain point for lawyers, rapidly becoming an indispensable tool for legal professionals,” “The speed at which Lexroom is scaling and the product usage metrics are a testament to the urgent need for its solutions and the strength of its execution. We are thrilled to support Lexroom’s exponential growth and witness its transformative impact on the legal sector.”

About Lexroom.ai

Lexroom.ai was founded in 2023 by Paolo Fois, Martina Domenicali, and Andrea Lonza. It is an AI-powered legal research platform designed to help lawyers work faster and more efficiently.

The platform allows lawyers to turn hours of legal research into seconds, creating high-quality drafts and useful answers based on trusted legal sources. Developed with top law firms (GOP, Ichino Brugnatelli, GPBL), Lexroom.ai easily fits into a lawyer’s daily routine, letting them focus on more important tasks.