Legal AI start-up Legora hits $5.55bn valuation with latest raise
Legal AI start-up Legora secured $550m in Series D funding, achieving a $5.55bn valuation and planning US expansion.Summary
Swedish legal AI start-up Legora announced a $550m Series D funding round, bringing its valuation to $5.55bn. The company, formerly known as Leya, provides a collaborative AI platform for legal professionals, supporting research, review, and drafting. Legora’s platform is currently used by over 800 law firms and in-house legal teams in more than 50 markets, including prominent firms like Bird & Bird and Cleary Gottlieb.
The funding will be used to accelerate expansion across the US, with new offices planned in Houston and Chicago, and a goal to exceed 300 employees by the end of 2026. According to CEO Max Junestrand, adoption in the US has surpassed expectations, with firms increasingly integrating AI into their workflows.
Founded in 2023, Legora has grown rapidly from 40 to 400 employees globally. The Series D round was led by Accel, with participation from existing and new investors, reflecting the growing interest and investment in the legal AI market, as evidenced by recent funding for companies like Harvey and TrialView.
(Source：Siliconrepublic.com)