Only two months after it announced its $10.5m seed funding round, Swedish-founded legal gen AI startup Leya announces today (17 July) that it has raised a $25m Series A. The round was led by new, early and growth-stage US investor Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, plus new investor Alt Capital. Leya was founded last year.
“Our journey has been fueled by a relentless obsession with enhancing legal productivity,” said Max Junestrand, 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.”
Leya’s platform integrates 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.
Leya says that this new funding will accelerate its product development and growth. It recently entered the UK with its announcement that it is working with leading UK-headquartered law firm Bird & Bird and the hire of Jakub Makowski as UK head.
“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.”