Praedex is the collaborative AI workspace for capital markets deals. The company and all its advisers work on the same document in one secure cloud platform, with its own data room, full due diligence, verified drafting and project management from kick-off to sign-off.
Our three largest customers accounted for approximately 41% of our revenue in the year ended 31 December 2025. Supported
Hundreds of pages. Dozens of parties. Months of tracked changes. And someone has to prove every word.
Capital markets still run on email and redlines, with verification left as a tick-and-tie marathon at the end. A plausible draft you can’t defend is worse than no draft at all.
Most deals juggle a data room, a diligence tracker, a drafting tool and a spreadsheet timetable. Praedex is all four, working from the same verified record.
Praedex’s own secure data room. Upload once; every document is indexed, versioned and encrypted with keys only you hold.
Reads every document, surfaces the legal issues, risks and gaps, and flags where documents disagree.
Next: findings reports and dashboardDrafts each section from the evidence, against the live rulebook and the best precedent issuers.
Every sentence marked supported, partially supported or not, and linked to its source.
Phase-gated approval, numbered editions and a full audit trail, ready to file.
No more email chains, parallel drafts and version 14_final_v3. The company and every adviser log in to the same secure workspace and work on the same live document, each with the access their role needs.
Uploads the evidence, answers questions and approves the facts about its business.
Owns the narrative: drafts, reviews and signs off each section.
Reviews the draft and runs its diligence against the same record.
Comment on the equity story and track readiness for launch.
Verify the financial information where it sits in the document.
Upload once. Financials, board papers, contracts and KPIs are indexed into one verified record that every party works from.
Full first drafts for SEC Forms S-1 and F-1, the FCA prospectus and SEC and FCA bonds, each run through a regulatory review.
Supported, partially supported or not supported, linked to the page that proves it. Ask about any sentence in the chat.
You pick the precedent issuers. Praedex shows how they disclosed, applies materiality as a lawyer would, and holds the draft to that standard.
Reads every document, surfaces the legal issues, risks and gaps, and flags where documents disagree, including where a negative confirmation is needed.
Phases, readiness and sign-off gates from kick-off to closing, with a full audit trail. People decide what is filed.
General-purpose legal AI isn’t built for multi-party, verified drafting of regulated disclosure. Praedex is. The engine is independent of deal type, jurisdiction and model, and every output carries its own evidence trail, so it fits inside the platform your capital markets clients already use.
Source-linked capital markets drafting, under your interface.
A combined offering for law firms, banks and issuers.
For the right partner, every option is on the table. We would rather talk early than late.
A deal with Praedex in the room. “Next” marks features in the post-trial build.
Illustrative, on synthetic data.
The data room was refreshed overnight. 41 documents in, 6 retired. Three statements in Risk Factors are no longer supported by the new FY25 management accounts. I’ve redrafted them for your review.
Risk_Factors_redline_v4.pdfDo our peers say anything about supplier concentration?
Four of your five peers do. You don’t. Your top supplier is 23% of cost of sales (Supply Agreement, cl. 4.2). I recommend a risk factor.
The same engine works on any document that has to be backed by a data room.
US Schedule TO, 14D-9 and S-4. UK Rule 2.7 announcements, offer documents and schemes.
Due diligence reports and disclosure letters, every finding tied to its source.
Title and lease diligence across whole portfolios, with every red flag traced to its source.
Deal teams draft and verify every one of them to tight timetables and, more and more often, fixed fees. Praedex gives those teams their time back, with the proof attached.
Sources: Renaissance Capital and EY (IPOs, 2025); SEC (registered corporate bond offerings, 2025); Ideagen Audit Analytics (SEC filers, FY2025); DealPointData (US public takeovers, 2024) and UK bids.
A prospectus holds a company’s most price-sensitive facts before the market sees them. Praedex was designed for that from day one: customer-held encryption keys, so not even Praedex can read your workspace; role-based access for every party; a full audit trail; and irrevocable deletion when the deal closes. ISO 27001 and SOC 2 Type I audits are under way.
Praedex runs a formal information security management system built to ISO 27001:2022 and the SOC 2 Trust Services Criteria. An independent internal audit was completed in October 2026. The external ISO 27001 certification audit is under way, with Stage 1 held in November 2026, and our SOC 2 Type I audit takes place in mid-November 2026. We are happy to share our policies and security documentation under NDA.
Deputy GC at Arm, where he co-led the largest US IPO of 2023. Advised on Verisure’s IPO, Europe’s largest of 2025. Trained at Linklaters.
Chartered accountant, 20+ years in CFO and M&A roles. UK Group CFO at Sonic Healthcare. M&A at EY.
Built 100M-subscriber messaging platforms at Metaswitch and Microsoft. 30+ years in engineering.
Scaled engineering teams of 100+. Moved a 90M-subscriber service to Azure at Microsoft.
Everyone on the deal. Praedex is a multi-user cloud platform: the company, issuer’s counsel, underwriters’ counsel, the banks and the auditors each have their own role-based access to the same live document, with comments, questions and approvals in one place and a full audit trail.
No. Praedex has its own secure data room, runs due diligence on what is in it, and manages the project through phases, readiness and sign-off gates. A full timetable with workstreams, owners and deadlines is in the next build, and connections to third-party data rooms are on the roadmap.
No. Praedex drafts, researches and verifies. The company and its advisers decide what is disclosed, and nothing moves past a phase gate without a person signing it off.
Both audits are under way. Our information security management system is built to ISO 27001:2022 and the SOC 2 criteria. An independent internal audit was completed in October 2026. The external ISO 27001 certification audit began with Stage 1 in November 2026, and our SOC 2 Type I audit takes place in mid-November 2026. We can share our policies and security documentation under NDA, and we will update this page when certification is confirmed.
Yes. The engine is independent of deal type, jurisdiction and model, and its evidence trail is stored as data. We are talking to legal technology and AI companies about integration and partnership.
Two days with one deal team on synthetic data. No client data, no IT procurement.
Apply to trialLast updated: November 2026
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