Noxtua Raises €100m, C.H. Beck Now Majority Shareholder
Artificial Lawyer
1mo · 4 min
Sovereign AI pioneer, Noxtua, has raised around €100m in a Series C round that also makes German legal publisher C.H. Beck the new majority shareholder. ...
Sovereign AI pioneer, Noxtua, has raised around €100m in a Series C round that also makes German legal publisher C.H. Beck the new majority shareholder. Austrian legal publisher MANZ has also invested. CMS and Dentons – which initially backed Noxtua – have sold their shares.
Noxtua, which offers a range of legal AI skills for multiple workflows, commented: ‘These independent legal publishers offer, as strategic partners, new opportunities for long-term planning. The collaboration….supports Noxtua’s ongoing development as well as its pan-European expansion into additional markets.’
They added that Noxtua is ‘entering a new phase and is therefore restructuring its investor base; investors Global Brain Corporation, KDDI Open Innovation Fund, CMS, Dentons, and Dominik Schiener are making room to align with the scale-up’s deepened content- and strategy-focused direction’.
‘The leading law firms CMS and Dentons will continue their close collaboration with Noxtua as key anchor clients in the future; CMS co-initiated Noxtua in 2024 as a Legal AI specifically tailored to the high demands of legal professionals,’ they added.
AL asked the company more about this. They replied: ‘[CMS and Dentons] sold their shares. With this round C.H. Beck and Manz will be the only investors (besides Noxtua’s CEO & Founder Dr. Leif-Nissen Lundbæk who remains shareholder).’…
That's the opening of the original reporting — continue reading at Artificial Lawyer for the rest.
Open at Artificial Lawyer ↗
