Lexroom banked €46.3M ($50m) Series B funding to scale its AI-powered platform for the legal industry. New York-based Left Lane Capital led the round, with participation from Base10 Partners, Eurazeo, Acurio Ventures, Entourage and View Different.
The Milan-headquartered company provides an AI workspace designed to automate legal research, document drafting and case analysis. Its software is currently utilised by more than 8,000 law firms and corporate legal departments, assisting with tasks ranging from due diligence to intellectual property and litigation.
Founded in 2021, Lexroom has now raised over $60m in total capital. The startup intends to use the fresh funds to expand its geographic footprint beyond Italy into markets including France, Germany and Spain, while doubling its headcount from 150 to 300 employees by the end of 2026.
This substantial raise highlights the continued strength of the Italian tech ecosystem, where legal and professional services automation remain high-conviction areas for international venture capital firms.
Originally reported by Sifted.