Jus Mundi raises $10 million to democratise access to international legal resources
We are proud to be part of Jus Mundi’s Series A funding round. Jus Mundi is a Paris-based legaltech company bringing international legal research into the next phase of the digital age. The vision and drive of this team gives us many reasons to be excited for the company’s journey ahead.
Keep an eye out for our ‘Why We Invested’ piece on Jus Mundi in the coming weeks.
Paris, September 21, 2021 – Jus Mundi, a search engine that gives lawyers involved in international arbitration access to international legal resources with unparalleled efficiency, has launched a $10 million second round of funding (Series A) led by C4 Ventures, a European Venture Capital fund created by Pascal Cagni, formerly head of Apple Europe from 2000 to 2012.
The legal tech start-up that facilitates access to legal information will use the funding to develop the artificial intelligence (AI) integrated into its search engine, lawyers representing multinational companies to rapidly and accurately research and identify relevant jurisprudence and suitable arbitrators.
In a strong show of confidence, the first-round investors Seed4Soft, Holnest, INSEAD BA, and Irish family office Elkstone are participating in this second round, alongside the US funds Fabrice Grinda’s FJLabs, Hank Vigil’s AceCap, as well as Michaël Benabou’s family office in France.
C4 Ventures President Pascal Cagni commented on the successful funding round:
“We are very impressed by the Jus Mundi team and their ability to leverage AI in a way that brings concrete benefits to the legal profession. Jus Mundi has truly democratised legal search by making its search results publicly available to everyone, not just legal professionals. The company has the potential to become an international leader in legal search, and its business model is a strong differentiator.”
Unparalleled access to complex legal information
Jus Mundi, a start-up co-founded in 2019, is a search engine that helps lawyers dealing with complex international arbitration cases gather vital information (treaties, awards, jurisprudence, etc.) quickly and efficiently. One of the key sources of information comes from the partnerships Jus Mundi has formed with global organizations, including the International Chamber of Commerce and the International Bar Association.
Jus Mundi’s CEO & co-founder Jean-Remi de Maistre adds:
“Currently, international lawyers have no single point of access to decisions rendered by international tribunals, and accessing this legal information is complex and vastly time-consuming. Our AI-powered search engine uses automated natural language processing to find relevant answers to specific questions immediately, even if they are buried in 300-page PDF documents, whatever the language.
“You ask a question using natural language, just like on Google, and you can access, country by country, the contents of legal documents with a precision that would be otherwise impossible.”
Jus Mundi’s smart search also includes a directory of lawyers and arbitrators, complete with their specialisation and backgrounds, as well as the cases in which they have participated. This essential function identifies the most qualified local specialists for arbitration while immediately flagging any possible conflicts of interest. This “conflict checker” functionality is not available on any other legal search engine.
$10 million to invest in AI and improve search results
The majority of the funds will be used to recruit developers, data scientists, and natural language processing specialists.
Jus Mundi will also expand its commercial team, which will target the legal services of Fortune 500 companies. This drive to develop the core technology and to recruit necessary talent will help expand the scope of Jus Mundi’s business beyond international business arbitration to sports, environmental, and tax law. The company is expected to grow from 40 to 80 employees by summer 2022. ENDS
For further information, images and interviews, please contact:
Sneha Ashtikar, Head of Marketing, Jus Mundi email@example.com
About Jus Mundi
Contributing to building the rule of law internationally is everyone’s responsibility. Jus Mundi democratises access to global legal information with unprecedented efficiency, thanks to a multilingual search engine that combines international legal expertise with artificial intelligence. Based in Paris and NYC, Jus Mundi’s turnover comes at 40% from the US and 30% from the UK. Customers include big legal firms such as DLA Piper, Freshfields, Dentons, legal departments of multinationals such as Iberdrola, governments including Japan and the UK, and universities such as the Sorbonne, Harvard, and Cambridge.
About C4 Ventures
C4 Ventures is a leading European venture fund created by Pascal Cagni, recruited by Steve Jobs as VP & GM Apple EMEIA (2000-2012). Operating from Paris and London, C4 Ventures supports entrepreneurs as lead investor in Series A and as co-investor in later stage rounds. C4 Ventures’ strategy is based on expertise in four major themes: Smart Hardware, Future of Commerce, Future of Work, and Digital Media, leveraging on technology platforms such as new computing paradigms (cloud, edge, quantum), artificial intelligence, and cybersecurity. Its leaders are convinced that technology should be at the service of mankind, business, and society at large.