Legora raises $150 M to redefine how lawyers work with AI

The Stockholm-based startup Legora has raised $150 million in Series C funding, led by Bessemer Venture Partners with participation from ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator. The deal pushes Legora’s valuation to around $1.8 billion, positioning it as one of Europe’s fastest-growing AI companies.

Legora was founded in 2023 by Max Junestrand, Sigge Labor and August Erséus and provides an AI-driven workspace specifically designed for legal professionals. The platform brings together the essential tools needed for drafting, reviewing, researching and collaborating on legal documents, and integrates seamlessly with the software that lawyers already use. Legal teams can use it to handle large volumes of contracts and case materials more quickly, all the while maintaining full control over accuracy and compliance.

The company plans to use the new capital to expand internationally, establish new hubs and forge stronger partnerships with leading law firms. It will also enhance its AI capabilities and expand its teams to further its goal of modernising legal work through technology.

Sources: Legora | Crunchbase

Founders: Max Junestrand, Sigge Labor, August Erséus