SWEDENFunding
Legora raises $550 million Series E at $8.8 billion valuation
Swedish legal AI company Legora said on October 21, 2026, that it raised a $550 million Series E round at an $8.8 billion valuation, led by Atreides Management. The company said annual recurring revenue has passed $200 million and that it will use the money to expand in the U.S. and develop Legora aOS, its agentic AI operating system.
Announcement (TechCrunch) → · Legaltech News, Legal Business, The Lawyer
Key points
- Atreides Management led the round, with Baron Capital, Bessemer Venture Partners, General Catalyst and Menlo among the investors.TechCrunchLegal Business
- The venture arms of Fidelity, Capital Group and J.P. Morgan also took part.Legaltech News
- The round brings Legora's total funding to more than $1.4 billion.Legaltech News
- Legora said annual recurring revenue topped $200 million, with the last $100 million added in six months.Legal BusinessTechCrunch
- The raise follows rival Harvey's $550 million round at a $15.5 billion valuation in September.TechCrunchLegal Business
- CFO David Eckstein said Legora is targeting healthy gross margins, high retention and a cost structure that strengthens with scale.Legal Business