New York: Legora, the Swedish AI platform built for lawyers, has closed a $550 million Series D round at a $5.55 billion valuation, tripling its worth in just five months. The round was led by Accel, with existing backers Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator all returning.
New entrants include Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital. The company has now raised a total of $816 million since its founding in Stockholm in 2023.
The capital will accelerate Legora’s US expansion. Less than a year after opening its first American office in New York in March 2025, the company is now opening additional offices in Houston and Chicago, two of the country’s most significant legal and commercial hubs. It expects to grow to more than 300 US employees by the end of 2026, up from a headcount that has already scaled from 40 to 400 globally over the past year.
Legora’s platform targets the workhorse tasks of legal practice: document review, legal research, contract drafting, due diligence, and M&A coordination. Its tabular review feature converts folders of contracts into structured comparison grids.
An agentic workflows layer automates multi-step processes such as due diligence sequences. The platform integrates directly into Microsoft Word and Outlook, removing friction in an industry where partners have spent decades calibrating their relationship with those tools.
The platform now serves 800 customers across more than 50 markets, up from 400 in October and 250 in May. Clients include White & Case, Cleary Gottlieb, Goodwin, Linklaters, Deloitte, and Dentons. The raise arrives as the AI legal tech sector heats up significantly.
Rival Harvey AI is already valued at $8 billion and reportedly seeking to raise at an $11 billion valuation, while Thomson Reuters’ CoCounsel reached one million users in February 2026. The legal AI market, valued at $1.4 billion in 2024, is projected to reach $3.9 billion by 2030 at a 17.3% compound annual growth rate and today’s round suggests investors believe the ceiling is considerably higher.
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