Hamburg-based legal tech company Goyaa has announced that it is winding down its business. The decision was shared by co-founder Timo Steffens in a LinkedIn post.
The company had been working since December 2023 on developing a legal operating system aimed at law firms, with a focus on streamlining financial and accounting processes.
The goal was to support a segment of the legal industry that has seen limited adoption of digital tools, helping firms to manage operations in a more structured manner.
Despite backing from investors and interest from customers, Goyaa stated that sales within its target market did not reach the level needed to support a scalable venture capital model.
The company cited insufficient commercial momentum as the reason behind its decision to cease operations.
Brief about Goyaa
Founded in 2022 by Lara Ludwig, Timo Steffens and Raj Kukreja, Goyaa is a law firm management platform operating in the legal tech sector.
The company provides a range of tools to support law firm operations, including file and document management, task planning, deadline tracking, and automated document creation.
Its platform brings these functions together in a single system and connects with Microsoft Office 365 to support existing workflows.
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