Leya Raises $10.5 Million in Funding
Leya, a Stockholm, Sweden-based legaltech company which offers an AI assistant for lawyers and law firms, has raised $10.5 million in funding.
The round was led by Benchmark, with participation from Hummingbird, SV Angel, and Y-Combinator.
Benchmark is an early-stage venture capital firm based in San Francisco and Woodside investing in and working alongside entrepreneurs building startups into transformational companies. The firm focuses on early-stage venture investing in consumer, marketplaces, open-source, AI, infrastructure, and enterprise software.
The funds will be used to scale the team, deepen partnerships, and advance the future of legal work by integrating AI into more legal workflows and jurisdictions.
Leya is a legaltech company specializing in artificial intelligence (AI) solutions for the legal industry. Its core product is an AI assistant designed for lawyers and law firms, applicable across various practice areas and workflows. Leya’s AI assists in conversation management, due diligence processes, and drafting tasks by integrating and analyzing multiple information sources. Specifically, Leya’s AI can directly access and work with files and documents, integrating them with legal data from over 15 jurisdictions.
Funding Details
Company: Leya AB
Raised: $10.5M
Round: Unknown
Funding Month: May 2024
Lead Investors: Benchmark
Additional Investors: Hummingbird, SV Angel, Y-Combinator
Company Website: https://www.leya.law/
Software Category: AI Assistant