L
Lexly
Consumer Services · Stockholm, Sweden · Founded 2004
Offers a wide range of convenient legal solutions available in one digital platform MoreLess
Founded in 2004 by Magnus Stein and Johan Wiberg, entrepreneurs with backgrounds in finance and law, Lexly operates as a digital legal services platform headquartered in Stockholm, Sweden. Stein, who served as CEO for over a decade, previously worked at Citibank and Swedbank, and his experience in finance shaped the company's approach to making legal services more accessible. The company was established to address the complexity and exclusivity of obtaining legal help.
Lexly provides a platform for both private individuals and companies to manage a variety of legal matters, from personal documents like wills and prenuptial agreements to business-related stockholder agreements. The business operates a model that combines do-it-yourself legal documents with the option to access a network of lawyers for tailored advice and support. This approach offers transparent, fixed pricing for its services, a departure from traditional legal billing. Revenue is generated through these services and by forming partnerships with banks, insurance companies, and accounting firms to integrate and offer their legal solutions.
The platform's core offering is an online tool that enables users to create their own legal documents, aiming to reduce costs and increase efficiency. For more complex needs, Lexly provides access to a network of approximately 500 lawyers who can offer professional input. A significant market for Lexly is a corporate employee benefit model, particularly in Brazil, where companies can offer their employees a subscription for legal support, covering everything from minor infractions to major life events. This model has attracted major Brazilian companies like Ifood and Porto Seguro.
Over the years, Lexly has expanded its footprint across the Nordics and into new markets. A key milestone was the acquisition of LegalHero, a Danish company with a similar business model focused on SMEs, in February 2022. This move solidified Lexly's presence in Sweden, Finland, and Denmark. The company also established a joint venture in Brazil with Webrock Ventures, combining its technology with Webrock's expertise in scaling new businesses. In 2021, Lexly raised $20.8 million to fuel its expansion into the UK and continental Europe. Keywords: digital legal services, online legal documents, legal tech, fixed-price legal, SME legal support, employee legal benefits, Nordic legal market, legal advice platform, contract law, family law, wills and testaments, prenuptial agreements, stockholder agreements, legal document automation, legal service subscription, law for business, accessible justice, legal solutions, corporate legal plans, Lexly Brazil
Company overview
Lexly company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2004
- Headquarters
- Stockholm, Sweden
- Employees
- 54
- Open positions
- None listed
- Dealroom signal
- 62.7
- Investment activity
- 3 companies · latest Feb 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Lexly funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| MEDIA FOR EQUITY✓Equity / VC | Jun 2022 | $0 | — | 8 Media Ventures | ↗ |
| LATE VC✓Equity / VC | Apr 2021 | $21M | $85M | Hakan Roos · Industrifonden | — |
| SERIES A✓Equity / VC | Feb 2020 | $6.1M | $24M | Undisclosed | — |
| SEED✓Equity / VC | May 2018 | $2.5M | $10M | Undisclosed | — |
| SEED✓Equity / VC | Oct 2017 | $1.1M | $4.4M | Undisclosed | — |
| SEED✓Equity / VC | Aug 2015 | NFT Ventures | — | ||
| SEED✓Equity / VC | Dec 2012 | Industrifonden | — | ||
| ANGEL✓Equity / VC | Jun 2010 | Sven Hagströmer | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $6.7M | 0% | $220K | 3.3% |
| 2025 | $6.7M | 0% | $220K | 3.3% |
| 2024 | $6.7M | 0% | $220K | 3.3% |
| 2023 | $6.7M | +40.6% | $220K | 3.3% |
| 2022 | $4.8M | +68.4% | $220K | 4.6% |
| 2021 | $2.8M | +28.2% | $220K | 7.8% |
| 2020 | $2.2M | — | $220K | 10% |
Growth signals
Lexly website traffic
Latest recorded traffic for Lexly is 240 monthly website visits, down 94.1% over the last three months. Lexly's team declined 5.3% over the past year.
Comparisons
Lexly compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Lexly investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
LegalHeroCopenhagen, DenmarkCrowdsourced legal advisors on demand
→
Legal HeroNew York City, United StatesProvides incredible lawyers for clearly priced projects, so businesses can focus on what's most important
$2.9Mvaluation
Talent graph
Lexly's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Lexly has talent and traffic
team presence
In the news
Latest news about Lexly
Recent press, funding announcements, and product moves mentioning Lexly — open to read from the original sources.
Market sentiment
What the market is saying about Lexly
An AI-synthesized read of the highest-engagement posts about Lexly on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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