Legora eyes $10bn funding valuation four months after last raise
Legora is seeking a new funding round targeting a $10bn valuation, nearly double its April $5.6bn raise.Summary
Legora, a Stockholm-based AI legal technology firm, is reportedly in early talks for a new funding round that would value the company at $10bn, nearly double the $5.6bn valuation from its April raise. The round could involve raising new capital and selling existing shares, building on the $866m already secured from investors including Nvidia NVentures, Atlassian, Barclays, Airtree, Insight Partners and Liberty Global. Analysts note strong investor appetite for European AI leaders, with PitchBook estimating a high probability of an IPO for Legora. The firm is also advancing partnerships with law firms, exemplified by Kirkland & Ellis planning to spend $500m on a custom AI platform built with Legora technology, while Legora declined to comment on the funding discussions.
(Source：City A.M.)