Leya, a Swedish AI-driven legal tech startup, has picked up $25 million in Series A funding. The round was led by Redpoint Ventures (which backed Ramp and Atmosfy)with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, with the new addition of Alt Capital.
This new funding will accelerate its product development and growth. This is evident with its recent entry into the UK.
Idea behind Leya
The company was founded with the idea that lawyers shouldn’t be drowning in paperwork, but should instead use technology to focus on higher-value work, ultimately saving time while improving productivity and outcomes.
What does the company do?
Founded in 2023 by Max Junestrand, August Erséus and Sigge Labo in Stockholm, Leya revolutionises the legal industry by automating repetitive tasks and enhancing the productivity of legal professionals.
Its AI-driven 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 comes off the back of several other key partnerships already established across the European continent.
“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.”
“The pace at which Leya is adding features and scaling is incredible,” said Jacob Effron, Partner at Redpoint Ventures. “Max and the team have done a fantastic job making the product easy-to-use and valuable for lawyers across different parts of their work. AI is going to change the legal industry and we think Leya has the right combination of team, product and vision to drive that change.”
“Leya is enabling legal professionals across industries to leverage the latest innovations in AI to serve their clients better and improve productivity.” Said Chetan Puttagunta, General Partner at Benchmark. “The customer reception for Leya has been outstanding with enterprises and law firms of all sizes adopting Leya as a core part of getting their legal work done.”
What do we think about Leya?
Leya is transforming the legal industry by automating repetitive tasks and enhancing lawyer productivity with its AI-driven platform. Founded in 2023, it integrates seamlessly with legal documents and resources, allowing legal professionals to focus on high-value work. With strong investor backing and rapid growth, including recent UK market entry, Leya is set to significantly streamline legal workflows, improving efficiency and outcomes for law firms across Europe.
