Legora’s value reaches $5.55 billion as AI legal technology boom continues

Legora, an AI platform for lawyers, is now valued at $5.55 billion after a $550 million Series D to support its US growth. This is despite increasing competition with rival Harvey, but also with Microsoft Copilot and generic large language models (LLMs). Publicly listed legal software companies saw their shares fall when Anthropic unveiled a legal plugin for Cloud.

Legora is built on top of LLMs, and mostly on Claude, but its position as a platform that supports lawyers on complex cases gives CEO Max Junestrand some peace of mind. “It’s amazing that everyone has their own pocket lawyer in Cloud, but we’re not solving the same use case,” he said via livestream at the Techarena conference in Stockholm.

With a focus on integrating itself into its clients’ workflows, Legora’s platform is now used by 800 law firms and legal teams – and investors have taken note. Accel led the Series D, with participation from existing investors Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator; and new backers including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.

There are other signs that investors are bullish on AI legal technology. Legora’s Series D and valuation jump comes just a few months after its $150 million Series C round in October 2025 that led it to a $1.8 billion valuation. Its competitor, Harvey, which is backed by a16z, is already worth $8 billion and is now said to be seeking to collect a valuation of $11 billion. According to Dealroom, they also follow almost identical paths in terms of revenue.

Both are also branching out globally. Harvey is pushing hard towards Europe, and Legura is in the opposite direction. The startup was previously known as Judilica, then Leya, an alumnus of the SSE Business Lab in Stockholm, a known breeding ground for unicorns. But after participating in YC’s winter 2024 intake, Legora is now headquartered in New York and is keen to continue pushing in the US market, where its growth has exceeded its expectations coming out of Europe.

“It’s nine to one in terms of legal spending; it turns out that Americans like to sue each other a lot more than we like to do in Europe,” Gunstrand joked while speaking to a Tikarina audience. But the team has grown globally — from 40 to 400 team members over the past year, according to a press release.

In addition to New York and Stockholm, Legora has offices in Bangalore, London and Sydney, with more to come. Along with the Series D, Legora announced that it will open offices in Houston and Chicago, with plans to open additional local centers and grow to more than 300 employees across its US offices by the end of 2026.