April 6: Paris-based startup Jus Mundi, the search engine for international law and arbitration, has announced closing a €1 million seed funding round from angel investors from various countries.
Jus Mundi was founded in late 2018 by a team of five engineers and a lawyer, Jean-Rémi de Maistre, who was representing governments in high-stake international arbitrations. Jean-Rémi realized that artificial intelligence could increase the chances of winning his client’s cases by finding key legal information in any language or by analyzing data related to the arbitrators who decide those cases.
Jus Mundi was quick to raise a highly sought-after seed round of €1 million that comes, such as the US, Germany, The Netherlands, UK, Ireland, and Australia besides France. These include several successful entrepreneurs and business angels, namely, Stefan Tietze (founder gebraucht.de), Kai Hansen (founder Lieferando), Cedric Page and Elie Rotenberg (founders Millenium.org and Webedia gaming), Olivier Njamfa (founder Eptica) and leading business angels clubs (INSEAD, Seed4Soft, and Holnest).
The company developed its proprietary technology to collect and structure legal data such as international arbitration awards or treaties between states. The team is also using the most sophisticated machine learning algorithms to apprehend the diversity and complexity of data coming from all over the world. In less than a year, the revolutionary tool has attracted several governments and most of the world’s top law firms, including DLA Piper, Clifford Chance, Freshfields Bruckhaus Deringer, and Eversheds Sutherland.