Sweden’s AI-driven legaltech startup Leya has raised $25M in a Series A funding round, shortly after raising $10.5M.
Founded to free lawyers from manual, repetitive tasks, Leya uses AI to enhance legal productivity and quality. Co-founder Max Junestrand emphasized their commitment to creating a more efficient, AI-powered legal workflow. Leya’s platform integrates with law firms’ resources to assist in reviewing, searching, and drafting tasks, including transaction checklists, key terms reports, and memos.
The funding round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, Wayfinder Ventures, and new investor Alt Capital. Jacob Effron from Redpoint praised Leya’s rapid feature development and scalability, highlighting the product’s ease of use and value for lawyers.
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Benchmark’s Chetan Puttagunta noted Leya’s positive reception among enterprises and law firms, citing its role in improving productivity and client service.
This funding will boost Leya’s product development and growth, exemplified by its recent UK expansion and collaborations with Bird&Bird and legal data provider FromCounsel.
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