mynth
02/2026

MAITE AI acquired by DOCTRINE

SPAIN Software / Industry-Specific Software REV 1m EUR - 100m EUR

Context

Doctrine's acquisition of Maite.ai represents a programmatic execution of its European market consolidation strategy, acquiring proprietary local data access and localized artificial intelligence capabilities to capture the fragmented Spanish legal services market. The transaction occurs at a critical operational inflection point for the target, which increased its annualized recurring revenue twentyfold over a twelve-month period under its founding team, exhausting its early-stage standalone capacity to efficiently service enterprise-grade law firms and public administrations. By incorporating the asset into its platform, Doctrine mitigates the substantial customer acquisition costs and linguistic barrier constraints of entry into Southern Europe, while providing Maite.ai with the institutional stability and product infrastructure developed over a decade of operational history in France. The integration thesis depends on scaling Maite.ai's local market penetration via joint engineering efforts, utilizing Doctrine’s superior balance sheet and data engineering resources to fund rapid localized headcount expansion while retaining the existing brand identity and corporate headquarters in Spain. Post-closing priorities focus on deploying Doctrine’s core analytical modules across Maite.ai's customer network, streamlining technical infrastructure to resolve multi-jurisdictional data storage scrutiny, and executing further cross-border bolt-on acquisitions to expand the combined platform’s addressable audience across the European civil law ecosystem.

By taking control of Maite Ai, Doctrine continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Predictice in 2025.

MAITE AI, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Maite.ai, established in 2024, operates a specialized artificial intelligence platform focused on Spanish law, leveraging legislation, jurisprudence, and users' private documents. The company has experienced rapid growth, with its annual recurring revenue increasing twentyfold within a year, and serves over 2000 clients, including lawyers, independents, large law firms, corporate legal departments, and public administrations. The platform developed by Maite.ai provides a range of services powered by an AI model, from research to drafting, combining legislation, jurisprudence, and user-provided private documents with high precision, as evidenced by a 99% success rate in the Spanish magistracy entrance examination. With a growth trajectory spanning less than two years, Maite.ai has become a key player in the Spanish legal AI landscape, offering professionals tools to enhance productivity and efficiency, thereby supporting their workflow, and has expanded its client base to include various sectors, entering new areas of the legal services market, with its platform designed to facilitate the work of legal professionals, providing them with advanced solutions to streamline their tasks.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: maite ai

Acquirer: doctrine