Leya, a Stockholm, Sweden-based AI-driven legal technology company, has secured $25 million in Series A funding.
Investors
The round was led by Redpoint Ventures, with continued support from Benchmark, Y Combinator, Wayfinder Ventures, and new addition Alt Capital.
Founded in 1999, Redpoint Ventures is a venture capital firm based in Woodside, California, that partners with visionary founders to create new markets and redefine existing ones. The firm invests across seed, early, and growth phases, managing a total of $4 billion across multiple funds.
Leya Use of Funds
The company will use the funding to accelerate its product development and growth.
About Leya
Founded in 2023, Leya is a generative AI company providing an AI-driven platform designed for legal professionals to automate repetitive tasks and access public sources and data in a single platform. The company utilizes advanced AI to enhance legal productivity and quality. Its platform seamlessly integrates with law firms' existing systems to assist with tasks such as reviewing, searching, drafting, and more, thereby enhancing efficiency and quality across legal operations. Leya combines AI with a deep understanding of legal workflows to deliver innovative solutions that transform how lawyers work.
Funding Details
Company: Leya AB
Raised: $25.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Redpoint Ventures
Additional Investors: Benchmark, Y Combinator, Wayfinder Ventures, Alt Capital
Company Website: https://www.leya.law/
Software Category: Legal Assistant
Source: https://www.businesswire.com/news/home/20240717535543/en/