Global News
Leya, a pioneer in AI-driven legal technology, is thrilled to announce the successful raise of $25 million in a Series A funding round. The round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, with the new addition of Alt Capital.
Leya was founded on the belief that lawyers should be freed from manual, repetitive tasks to focus on impactful, strategic work. By leveraging cutting-edge AI, Leya makes lawyers more productive while delivering higher-quality results. This mission has driven the company from its inception in a student dormitory, through initial explorations of BERT models for Swedish legal sources, to its current status as a leader in legal tech innovation.
“Our journey has been fueled by a relentless obsession with enhancing legal productivity,” said Max, co-founder of Leya. “From our early days at Mannheimer Swartling to our trips to San Francisco, we’ve been driven by a vision of a more delightful, AI-powered way of working in legal. This funding will allow us to accelerate even faster, as it comes off the back of our previous round just two months ago.”
Leya’s platform integrates seamlessly with law firms’ documents, playbooks, templates, and external legal sources. It assists lawyers with specific tasks related to reviewing, searching, and drafting, such as filling in transaction checklists, creating key terms reports, and writing memos to name a few. By providing intelligent support, Leya enables legal professionals to handle legal work quickly and efficiently.
This new funding will accelerate Leya’s product development and growth, as seen by its recent entry into the UK with its announcement with Bird&Bird and their collaboration with legal data provider FromCounsel. This comes off the back of several other key partnerships already established across the European continent.
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