Legora raises $550 million at $8.8 billion valuation

Stockholm-based legal AI startup Legora AB has secured $550 million in a Series E funding round led by Atreides Management. The investment brings the company’s total funding to $866 million and establishes a post-money valuation of $8.8 billion.

Participants in the round included Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners, and J.P. Morgan, alongside several existing investors such as Accel, Benchmark, and Salesforce Ventures. Legora reported rapid growth, with annual recurring revenue (ARR) increasing from $1 million to over $200 million in less than 18 months.

The company specializes in legal AI agents capable of performing multi-step automated tasks, moving beyond simple assistants to handle legal research, document review, and contract preparation. Legora plans to use the capital to expand its geographic footprint across North America, Europe, and Asia-Pacific, with a specific focus on growing its presence in the United States market.