On May 16, 2024, the Stockholm, Sweden-based AI legal tech startupLeyaannounced it has raised $10.5 million in seed funding. The round was led by Benchmark, with participation from Hummingbird, SV Angel, and Y Combinator.
The company plans to use the raised funds to expand its team, deepen partnerships, and build the future of legal work.
Leya is a legal tech company founded in June 2023, focused on providing an AI assistant for lawyers and law firms. The company's AI legal assistant can handle a variety of information sources, including conversations, due diligence processes, and drafting work, to provide trustworthy responses. Leya aims to be a partner in lawyers' workflows rather than just an add-on tool, with direct access to files and documents, and combined with legal data from more than 15 jurisdictions, providing sentence-level citations and references.
(Source:Sifted)