Stockholm legaltech company Leya announced it has raised $10.5 million in a funding round led by Benchmark with participation from Hummingbird, SV Angel, and Y-Combinator.
Leya is an AI assistant tailored to lawyers and law firms across all practice areas and workflows. it works with multiple sources of information in conversation, due diligence processes, and drafting to deliver trustworthy responses. This allows lawyers across practice areas, and in-house teams, to confidently apply generative AI in their daily tasks.
The company sees AI not as a mere add-on to lawyers’ workflow, but as a partner that will work on their behalf in a trustworthy way.
It shared:
“Our AI system is taking care of simple knowledge work, freeing lawyers to focus on what they do best; higher-level strategy, creativity, and problem-solving.”
More concretely, Leya directly accesses files and documents right where they are. It then combines them with legal data from over 15 jurisdictions, always providing sentence-level citations and references to the underlying material in its output; both in Due Diligence reviews, conversations, and when editing or reviewing documents directly.
The funds will help scale the team, deepen partnerships and build the future of legal work.
Lead image: Leya. Photo: uncredited.
This week we tracked more than 60 tech funding deals worth over €376 million, and over 10 exits, M&A transactions, rumours, and r
It is still unclear if there is political will to keep the EU-US Trade and Technology Council going in the wake of the US election. ADVERTISEMENTTh
“As Trump looks to cement his legacy, he may see a chance to leave a lasting impact,” one expert told Euronews Next. ADVERTISEMENTMany Big Tech
Revolut is beefing up its M&A unit, as the UK challenger bank looks to sniff out acquisition targets. Revolut executive Ferran Sost