Italian Legal AI Startup Lexroom Raises $50M in Series B
Lexroom, an Italian legal AI startup, closed a $50 million Series B funding round led by Left Lane Capital. Base10 Partners, Acurio Ventures, View Different, Entourage, and asset manager Eurozeo also participated in the round.
The Milan-based firm builds AI tools for lawyers in civil law markets. Its platform handles contract drafting, legal opinion preparation, and knowledge library management across 12 specialised areas including privacy, banking, litigation, labour, and criminal law.
Lexroom operates a proprietary legal database containing more than six million verified references. The company says more than 8,000 law firms and corporate legal teams use the platform, with 65% accessing it daily and 94% using it weekly.
What Sets Lexroom Apart
Paolo Fois, CEO and co-founder, said the startup identified a clear gap when it launched. "Lawyers needed a better way to work, and LLMs could provide it," Fois said. "The missing piece was data - up-to-date laws, relevant case law and court documents."
Paddy Dillion, a VP at Left Lane Capital, highlighted Lexroom's approach to user engagement. The firm built an enterprise product "with the level of engagement of a consumer app," he said, adding that Lexroom "enables lawyers to build a stronger firm, serving their clients with greater care and effectiveness."
Funding Timeline and Growth Plans
This Series B closes eight months after Lexroom's Series A, bringing total capital raised to more than $73 million. The startup secured $2 million in seed funding in March 2024 from Entourage, Verve Ventures, Vento Ventures, Banyan Ventures, and X-Equity, with backing from former Airbnb VP of product Joe Zadeh.
Lexroom plans to expand its infrastructure across multiple jurisdictions. The company will open offices in Barcelona, Madrid, and Berlin using the new capital.
The startup was founded in 2023 by Fois, chief revenue officer Martina Domenicali, and chief technology officer Andrea Lonza.
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