Swedish AI legaltech startup Leya is reportedly raising new major funding round led by Redpoint Ventures

This news was one of many covered on June 12 in the Swedish Tech News PRO newsletter.

Leya, the young Stockholm-based legaltech startup offering an AI assistant for lawyers, is reportedly already raising a new major round, just weeks after the company announced a $10.5M seed funding led by Benchmark.

According to sources Business Insider (BI) spoke with, the round is led by Redpoint Ventures (a backer of Mistral and Stripe), and may end up somewhere in the range of $15M-$25M. "It would be a significant upround to the previous deal", two sources told BI. Neither Leya nor Redpoint confirmed the report to BI. I contacted Leya co-founder and CEO Max Junestrand about it, but didn't hear back.

Leya was founded in 2023, initially under the name Judilica, by Max Junestrand, August Erséus and Sigge Labor. In June 2023, the company was announced as participant in the Stockholm School of Economics' (SSE) Business Lab incubator. Shortly after, Leya got selected for the Y Combinator Winter 2024 batch.

In conjunction with its recent seed funding announcement, Leya said the company's platform was being used "by more than 70 top law firms in Europe", and that it planned its continued expansion into the US.