Legal AI startup Legora raises $550 million to speed up US expansion

By Reuters

March 10, 20268:48 AM EDT

• Bessemer Venture Partners L P
• Legora, Inc.

COPENHAGEN, March 10 (Reuters) – Sweden-based legal AI startup Legora said on Tuesday it had raised $550 million at ​a $5.55 billion valuation in a Series D ‌funding round to accelerate its expansion across the United States.

“Over the past year, the pace of adoption ​in the U.S. has exceeded our ​expectations, as leading firms and in-house teams ⁠move decisively from experimentation to embedding AI across ​their organisations,” Legora CEO Max Junestrand said in ​a statement.

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• The round was led by Accel and existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint ​Ventures and Y Combinator also participated.
• New investors, ​including Alkeon Capital, Bain Capital, FirstMark Capital, Menlo Ventures, ‌Salesforce ⁠Ventures, Sands Capital and Starwood Capital also participated.
• “This funding enables us to accelerate our U.S. growth – investing in talent and infrastructure, strengthening our ​presence in ​key markets, ⁠and ensuring we can support customers on the ground as they integrate ​AI into their core workflows,” Junestrand ​said ⁠in a statement.
• The company expects to open additional hubs and grow to more than 300 employees ⁠across ​its U.S. offices by the ​end of 2026.
• The company in October raised $150 million, valuing it at $1.8 ​billion.

(This March 10 story has been repeated without any changes to the text.)

Reporting by Louise Rasmussen, editing by Kirsten Donovan

Our Standards: The Thomson Reuters Trust Principles.

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