Leya raised a $25M Series A after a successful seed round and several partnerships
Swedish legal tech startup Leya has secured $25 million in Series A funding to develop its AI platform, which aims to dramatically boost lawyer productivity by automating routine tasks and integrating existing legal resources.
Leya, a legal tech startup working on an AI-powered platform for lawyers and firms across all practice areas and workflows, recently announced it closed a $25M Series A led by Redpoint and supported by existing investors Benchmark, Y Combinator, Wayfinder Ventures, plus new investor Alt Capital. Redpoint partners Jacob Effron and Logan Bartlett will join Leya's board, as part of the Series A negotiations. The news of the Series A round comes just two months after the startup secured $10.5 million in seed funding in an investment led by Benchmark, with the participation of Hummingbird, SV Angel, and Y-Combinator.
Leya's AI-powered platform aims to assist in reducing the amount of manual and repetitive work that lawyers and firms across all practices face in their usual workflows, intending to make them 10x more productive and able to focus on meaningful work. Leya's platform can assist with tasks including connecting individuals to a firm's documents, playbooks, templates, and public legal information. Additionally, the platform's drafting, reviewing, and search capabilities make it an ideal assistant when going over contracts, drafting reports, and filling transaction checklists.
The Series A marks another milestone as Leya continues to grow, showcased by the multiple partnerships it has announced in the last two months, including one with FromCounsel, the UK industry-leading legal knowledge provider, which enables Leya to bring FromCounsel's content directly into its platform. Leya already works with legal firms Bird & Bird, Waselius, Araos & Rueda, and many others.
