Leya

Leya is a Stockholm-based legaltech company that has developed an AI-powered assistant tailored for lawyers and law firms across all practice areas and workflows. Its AI system integrates with multiple sources of information, including a firm's internal documents, playbooks, templates, and external legal sources from over 15 jurisdictions. It leverages large language models such as Meta's LLaMA and OpenAI's GPT-4o to assist lawyers with tasks related to reviewing, searching, drafting, and editing legal documents.

Leya's AI technology directly accesses files and documents stored in a firm's document management system, combining them with legal data from various databases and jurisdictions. It provides sentence-level citations and references to the underlying material in its output, ensuring trustworthiness and accuracy for due diligence reviews, conversations, and document editing. The company positions its AI as a partner that automates repetitive knowledge work, freeing lawyers to focus on higher-level strategy, creativity, and problem-solving.

Leya's business model involves offering an annual subscription service to law firms and in-house legal teams, with per-user fees ranging from EUR 1,000 to EUR 3,000. As of May 2024, the company had over 70 customers, primarily based in Europe, including firms in the UK, Spain, France, Portugal, the Netherlands, and the Nordics.

In June 2023, Leya was founded and participated in the Stockholm School of Economics' Business Lab incubator. It subsequently gained early backing from notable figures and secured Mannheimer Swartling as one of its first clients. After being accepted into the prestigious Y Combinator accelerator program, the company raised USD 10.5 million in a seed funding round led by Benchmark in May 2024, with participation from Hummingbird, SV Angel, and Y Combinator. In July 2024, Leya secured an additional USD 25 million in Series A funding led by Redpoint Ventures, with participation from existing investors.