Swedish legaltech company Legora has raised $150 million in a Series C funding round, valuing the firm at $1.8 billion. The round was led by Bessemer Venture Partners, with major contributions from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator.
- Legora, founded in 2023 in Stockholm by Max Junestrand, Sigge Labor, and August Erséus, is a legal technology company headquartered in New York, with offices in Stockholm, London, Denver, and Sydney.
- Its AI-powered platform assists lawyers with document review, drafting, research, and collaboration, integrating with tools like Microsoft Word, iManage, and SharePoint. Using machine learning and natural language processing, it analyzes large volumes of text, highlights key clauses, and generates contextually relevant language.
- The company employs a team of 200 legal experts and technologists. Since May 2025, its customer base has grown from 250 to over 400, while the number of markets served has more than doubled to over 40.
- Legora collaborates with leading law firms and enterprises, including Linklaters, Cleary Gottlieb, Goodwin, and MinterEllison.
Details of the deal
- With the fresh capital raised, the firm plans to accelerate its global expansion, grow its team, and enhance its AI-driven platform to better support legal professionals worldwide.
- The investment will also enable Legora to open new hubs, deepen partnerships with leading law firms, and further its mission to transform how the legal industry operates through technology.
“We are seeing astronomical demand for our product. Legal professionals across the globe are adopting AI into their work at an unprecedented rate, and I could not be more proud of supporting our customers on this journey. I’m grateful for the strong backing of our investors, which enables us to execute on our vision: enabling the lawyer of the future and seamless collaboration between machine and human intelligence," explains Max Junestrand, CEO and co-founder of Legora.
