Legora, the Stockholm-founded company that makes AI software for lawyers, said on 10 March 2026 that it had raised $550m in a Series D round at a $5.55bn valuation.
Accel led the round. Existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator took part, along with new investors Alkeon Capital, Bain Capital, FirstMark Capital, Menlo Ventures, Sands Capital, Starwood Capital and Salesforce Ventures.
The valuation is about three times the $1.8bn at which Legora raised its Series C in October 2025, as reported by Legal IT Insider at the time. The company said the new money would pay for expansion in the United States.
“Over the past year, the pace of adoption in the U.S. has exceeded our expectations, as leading firms and in-house teams move decisively from experimentation to embedding AI across their organisations. This funding enables us to accelerate our U.S. growth – investing in talent and infrastructure, strengthening our presence in key markets, and ensuring we can support customers on the ground as they integrate AI into their core workflows.”Max Junestrand, CEO and Co-Founder, Legora
What Legora does
Legora sells what it calls a collaborative AI platform for legal work. Lawyers use it for research, document review and drafting on complex matters. The Next Web reported that its tools include tabular review for comparing clauses across many contracts, agent-style workflows for multi-step tasks such as M&A due diligence, and add-ins for Microsoft Word and Outlook.
The company said its software is used every day by tens of thousands of lawyers at more than 800 customers in over 50 markets. Named customers include White & Case, Cleary Gottlieb, Goodwin, Bird & Bird, Linklaters, Deloitte and Dentons. According to The Next Web, Legora had about 250 customers in May 2025 and 400 in October 2025.
Legora was founded in Stockholm in 2023 and was previously called Leya, according to The Next Web. Max Junestrand is co-founder and chief executive. Its best-known rival is Harvey, the San Francisco legal AI company, which The Next Web said had raised close to $1bn at a valuation of about $8bn. Legora has not published its revenue.
What the money is for
The round came on the first anniversary of Legora's arrival in the US; it opened its first American office in New York in March 2025. It is now adding offices in Houston and Chicago to its existing sites in New York and Denver, and plans further local hubs, aiming for more than 300 employees across its US offices by the end of 2026.
Junestrand said adoption in the US had moved faster than the company expected, as firms shifted from trials to using AI across their organisations. He said the money would go into staff and infrastructure, a stronger presence in key markets and on-the-ground support for customers.
Arun Mathew, a partner at Accel, said legal work was moving towards end-to-end workflows run by AI agents, and that more of that work was taking place on Legora.
The funding so far
Legora has raised money at a fast pace. In May 2025 it raised an $80m Series B at a $675m valuation. In October 2025 Bessemer Venture Partners led a $150m Series C at $1.8bn, with ICONIQ, General Catalyst, Redpoint Ventures, Benchmark and Y Combinator taking part, according to Legal IT Insider.
Headcount has grown with the funding. The company said it went from 40 to 400 staff over the past year, across Stockholm, London, New York, Denver, Sydney and Bengaluru. Legal IT Insider reported that roughly a quarter of those employees were based in the US at the time of the Series D. Legora did not give a figure for its total funding.
Company website: legora.com