Legora Raises $550 Mn Series E at $8.8 Billion Valuation to Expand AI Legal Platform

The round was led by Atreides Management, with new investors including Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and J.P. Morgan. Existing investors, including Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Insight Partners, Menlo Ventures, Redpoint Ventures, Salesforce Ventures and Sands Capital, also participated.

"The opportunity in legal is enormous and we are still early. AI is changing the role of the lawyer, with more time for judgment and advice, and it is reshaping how law firms and in-house legal teams are organized and how their work gets done. We intend to lead that shift in the US and globally. We chose investors who share our long-term view and know what it takes to build a lasting company. They are the right partners for the years ahead," said Max Junestrand, CEO and Co-Founder of Legora.

"Legal is a sophisticated market with demanding buyers, and the bar for software is high. Legora has become the platform that law firms and in-house legal teams adopt and then expand across their organizations, and it has done so while growing at remarkable speed. Legora has also built a sustainable business along the way, with the discipline to scale fast and stay efficient. We are excited to support the team as Legora enters its next stage of growth in the US and globally," said Gavin Baker, Managing Partner and CIO at Atreides.

"Growth only counts if the business underneath it holds up. We have passed $200 million in ARR, and we want every dollar of it to be a durable one. That means healthy gross margins, high retention, and a cost structure that gets stronger as we scale. This round lets us keep building that way," said David Eckstein, CFO at Legora.

Legora was founded in 2023 and launched its platform in October 2024. Since then, the company has grown its team to more than 1,000 employees across 18 offices.

Today, its platform is used by over 140,000 legal professionals at more than 2,400 leading law firms and in-house legal teams across more than 80 markets.

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