Stockholm-based legal AI startup Legora raised $550 million in a Series E funding round led by Atreides Management, bringing its post-money valuation to $8.8 billion.
The round included new investors Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and J.P. Morgan. Existing investors Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Insight Venture Partners, Menlo Ventures, Redpoint Ventures, Salesforce Ventures and Sands Capital also participated.
Founded in 2023, Legora develops AI-powered software for law firms and corporate legal departments. Its co-founders include CEO Max Junestrand and Sigge Labor.
The company’s platform, Legora aOS, combines legal research, document review, drafting and workflow automation. It enables legal professionals to work with AI agents that can assist with multi-step tasks, including analysing documents, preparing legal materials and organising information across matters.
Legora plans to use the new funding to expand its operations in North America, Europe and Asia-Pacific. The investment will also support further development of Legora aOS and capabilities covering legal intake, regulatory monitoring and legal research.
The financing follows Legora’s $550 million Series D round in March 2026, which valued the company at $5.55 billion. A $50 million extension announced in April brought that round’s valuation to approximately $5.6 billion.
Legora reported that its annual recurring revenue had exceeded $200 million, following growth from $1 million to $100 million in less than 18 months.
At the time of the announcement, the company employed more than 1,000 people across 18 offices. Its software was used by more than 140,000 legal professionals at over 2,400 law firms and in-house legal teams across more than 80 markets.
The United States had also become Legora’s largest market by revenue, reflecting the company’s expansion since opening its first US office in 2025.
