Jus Mundi raises 20 million euros to power its international legal assistant built on generative AI
With its library of legal information, Jus Mundi has won over law firms and companies engaged in international projects, in the United States in particular. Its assistant built on generative AI is on the starting blocks.
The French legaltech Jus Mundi wants to continue its international rise. To that end, the company announces it has closed a Series B round of 20 million euros led by Acton Capital and True Global Ventures. C4 Ventures, the fund of Pascal Cagni, former managing director of Apple Europe, Middle East and Africa (EMEA), and FJ Labs, the New York venture capital firm founded by the French entrepreneur Fabrice Grinda, also put money in. The French startup had already raised 8.5 million euros in September 2021.
Founded in 2019 by a team of lawyers (Thomas Latterner, Grégoire Brondel, Valentin Brondel, Aurélien Duval, Jean-Rémi de Maistre and Yohan Daddou), it set out to build a search engine specialising in international law. The aim of the tool is to make it easier to reach international treaties, their transposition into international law, ongoing arbitrations along with every party involved, and the texts that set precedent.
The search engine proves particularly useful for law firms and companies engaged in international projects. Alongside this library, paired with a platform connecting legal professionals, lawyers and notaries, the company has launched Jus Mundi, a legal assistant built on generative AI, to simplify the search for international legal information.
More than 150,000 users
Acton Capital believes Jus Mundi has what it takes to become "the world leader in AI-based legal intelligence" with its approach. To date, the legaltech has struck more than 70 partnerships with legal institutions around the world. Its library of legal information currently supports more than 150,000 users from law firms, multinationals, government bodies and academic institutions in around a hundred countries.
The startup intends to use its Series B to accelerate its international expansion, particularly in the United States, Asia and the Middle East. The worldwide roll-out of its generative AI assistant Jus AI should play a key role there. It is an ambitious roadmap for a legaltech player, in a sector that does not stir great passion among French tech investors. The most emblematic company in the field, Doctrine, the startup nicknamed the "Google of law", was acquired last year by the American fund Summit Partners.
Jus Mundi raises 20 million euros to power its international legal assistant built on generative AI