Sweden

Leya funding news – Legaltech Company Leya Secures $10.5 Million in Funding

May 17, 2024 | By Startup Rise EU

Leya, a ledtech firm located in Stockholm, has raised $10.5 million in a fundraising round led by Benchmark, with participation from SV Angel, Y-Combinator, and Hummingbird.

SUMMARY

Leya, a ledtech firm located in Stockholm, has raised $10.5 million in a funding.
This round was led by Benchmark, with participation from SV Angel, Y-Combinator, and Hummingbird.

Leya is an AI assistant designed for use by solicitors and legal firms in all areas of practice and processes. In order to produce reliable replies, it collaborates with many information sources throughout discussions, due diligence procedures, and writing. This gives solicitors in all practice areas and internal departments the confidence to employ generative AI in their day-to-day work.

To put it more specifically, Leya has immediate access to files and documents wherever they are. After that, it blends them with legal information from more than fifteen jurisdictions, making sure that all of its output has references to the underlying material and sentence-level citations for Due Diligence evaluations, discussions, and direct document editing or review.

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The money will be used to grow the staff, strengthen relationships, and develop the legal industry going forward. The business views AI as a reliable collaborator that will work alongside attorneys, rather than just as an add-on to their workflow.

About Leya

Leya is introducing artificial intelligence (AI) into the legal industry to handle laborious and intricate activities that go across practice areas and legal frameworks. They help top law firms and attorneys operate more productively by streamlining and simplifying legal procedures. This allows them to concentrate on higher-value work and provide outstanding client outcomes.