Legal AI startup Legora, based in Sweden, announced on Tuesday that it has raised $550 million at a $5.55 billion valuation in a Series D financing round to accelerate its expansion across the United States.
“Over the past year, the pace of adoption in the United States has exceeded our expectations, as leading law firms and in-house teams are decisively moving from experimentation to integrating AI into their organizations,” said Legora CEO Max Junestrand in a statement.
* The funding round was led by Accel, with existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator also participating.
* New investors, including Alkeon Capital, Bain Capital, FirstMark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital, also took part.
* “This funding allows us to accelerate our growth in the United States – investing in talent and infrastructure, strengthening our presence in key markets, and ensuring that we can support clients on the ground as they integrate AI into their core workflows,” Junestrand said in a statement.
* The company plans to open additional hubs and grow to over 300 employees in its American offices by the end of 2026.
* In October, the company raised $150 million, valuing it at $1.8 billion.
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