Noxtua (fka Xayn), a Berlin, Germany-based legaltech startup, raised €80.7M in Series B funding.
The round was led by C.H.Beck. Additional new investors included Northern Data, CMS and Dentons.
The company intends to use the funds for further development of its sovereign Legal AI Noxtua and expansion into additional markets.
Led by CEO Dr Leif-Nissen Lundbæk, Noxtua provides sovereign Legal AI built on specialized proprietary AI models trained with legal data. Through its partnership with C.H.Beck, the company leverages the publishing house’s exclusive legal data for training and further optimizing of the Noxtua Legal AI. With more than 9,000 available works, 80 specialist journals, and up to 1,000 new publications and new editions every year, the specialized publisher has the largest legal database in the German-speaking world with beck-online – with over 55 million documents covering all relevant areas of law. beck-online contains, among other things, the most comprehensive collection of relevant commentary literature, which is essential for lawyers in their daily work.
The sovereign European Legal AI adheres to the high professional, criminal, and data protection law requirements for attorneys (e.g. Section 203 of the German Criminal Code (StGB), Section 43e of the German Federal Code for Lawyers (BRAO)), enabling its use by professionals bound by confidentiality without requiring anonymization.
Concurrent with the completed Series B, the startup founded on research from Oxford University and Imperial College London begins its official rebranding from Xayn AG to Noxtua SE. With its new legal form and additional headquarters in other European countries, the AI company expands into new European markets.
Previous investors Global Brain Corporation, KDDI Open Innovation Fund, CMS, and Dominik Schiener remain invested in the startup. The latter, along with C.H. Beck, takes over the shares of former investor Earlybird VC in alignment with the AI startup’s new strategic orientation.
FinSMEs