Legal AI startup Legora raises $550 million Series E at $8.8 billion valuation
Stockholm-based legal artificial intelligence startup Legora has raised $550 million in Series E funding at an $8.8 billion post-money valuation, marking a steep increase from its March valuation as it expands globally.
Stockholm-based legal AI platform Legora has secured $550 million in Series E funding at an $8.8 billion post-money valuation, according to reporting by City A.M. and announcements by the company. The round was led by Atreides Management and represents a substantial jump from the $5.55 billion valuation the company reached following a $550 million Series D round in March.[1][3][4][5][6]
The fresh investment drew several new institutional backers, including Baron Capital, Capital Research, Fidelity, and Glade Brook Capital. A prominent roster of existing investors also participated in the round, including Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ Capital, Insight Partners, Redpoint, Salesforce Ventures, and Sands Capital.[4]
The two-year-old startup experienced explosive commercial growth ahead of the raise, scaling from $1 million to $200 million in annual recurring revenue in under two years while bringing half of the AmLaw 50 onto its platform, Quartz reported. Legora intends to use the capital to support international expansion across the United States, Europe, and the Asia-Pacific region.[2][3][7]
Key facts
- Legora raised $550 million in a Series E funding round valuing the company at an $8.8 billion post-money valuation.
- The valuation rose from $5.55 billion following Legora's $550 million Series D funding round in March.
- Atreides Management led the Series E funding round.
- New investors included Baron Capital, Capital Research, Fidelity, and Glade Brook Capital, alongside existing backers such as Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ Capital, Insight Partners, Redpoint, Salesforce Ventures, and Sands Capital.
- Legora grew from $1 million to $200 million in annual recurring revenue in under two years and counts half of the AmLaw 50 as customers.
- The funding will support Legora's expansion across the United States, Europe, and the Asia-Pacific region.
Sources · 7 sources
- ET
Economic Times@EconomicTimesPost on X ·
Legal AI startup Legora raises $550 million at $8.8 billion valuation in Atreides-led round https://t.co/63XkubXNJN
Open source - QU
Quartz@qzPost on X ·
A 2-year-old legal AI startup just hit an $8.8 billion valuation Legora went from $1M to $200M in annual recurring revenue in under two years — and now it's backed by some of the biggest names in finance. With half the AmLaw 50 already on board, AI i #LegalAI #Legora #AIStartup https://t.co/2blqw9IJy4
Open source - TE
TechmemeArticle ·
Stockholm-based legal AI startup Legora raised a $550M Series E at an $8.8B post-money valuation led by Atreides, up from $5.55B after a $550M Series D in March (Rosie Harris-Davison/City A.M.) Rosie Harris-Davison / City A.M. : Stockholm-based legal AI startup Legora raised a $550M Series E at an $8.8B post-money valuation led by Atreides, up from $5.55B after a $550M Series D in March — Legal tech firm Legora has raised $550m (£410m) in Series E funding as it expands its footprint in the US, Europe, and the Asia-Pacific region.
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
⚖️ @WeAreLegora has raised $550 million in Series E funding at an $8.8 billion post-money valuation. https://t.co/HPNLSbBxV0 The round was led by @Atreidesmgmt with participation from new investors @BaronCapital, Capital Research, @Fidelity and @GladeBrookCap. Existing backers, including @Accel, @benchmark, @BessemerVP, @generalcatalyst, @ICONIQCapital, @insightpartners, @Redpoint, @SalesforceVC and @SandsCapital, also participated. #ai #legaltech #funding #investment #innovation #technology #nordicmade #sweden #eutech #vcfunding
Open source - TE
Techmeme@TechmemePost on X ·
Stockholm-based legal AI startup Legora raised a $550M Series E at an $8.8B post-money valuation, up from $5.55B after raising a $550M Series D in March (@rosiehdavison_ / City A.M.) (Visit Techmeme dot com for the link and full context!)
Open source - TE
TechCrunch@TechCrunchPost on X ·
Legal AI startup Legora announced Wednesday that it raised a $550 million Series E round, valuing it at $8.8 billion. https://t.co/f3TDG5XTsJ
Open source - BL
Bloomberg@businessPost on X ·
Legora has raised $550 million in a funding round that will give the Swedish legal artificial intelligence startup an $8.8 billion post-money valuation and allow it to expand to new markets. https://t.co/GsAEWWdSX2
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