Legora raises $550M Series D at $5.55B valuation
Accel led a $550 million Series D in the Swedish legal AI company Legora, tripling its valuation to $5.55 billion. The company said the round funds expansion in the United States and continued hiring for its agentic drafting product. Fourteen outlets reported the round on 10 March; none reported secondary-sale terms.
Key points
- Valuation reported as $5.55 billion by TechCrunch, LawSites and Dagens Industri; CNBC reports $5 billion. TechCrunchLawSitesDagens IndustriCNBC
- Legora opened a New York office in January and plans 60 US hires by year end.TechCrunch
- Annual recurring revenue passed $100 million before the round.Sifted
- All existing investors took part; no new institutional investors joined.Bloomberg LawReuters
- Headcount stood at about 250 at the round's close.Legal IT Insider
Sources14 articles across 11 outlets
Artificial Lawyer
Reuters
TechCrunch
Above the Law
Bloomberg Law
CNBC
Dagens Industri
LawSites
Legal IT Insider
Legaltech News
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