Legora’s valuation leaps to $8.8BN as raises $550M
Legora, a Swedish legal AI company, has completed a Series E funding round of $550 million, bringing its valuation to $8.8 billion, up from $5.6 billion in its previous Series D round six months prior. The round was led by Boston-based Atreides Management and includes participation from new investors such as Baron Capital, Capital Group, Fidelity, and JP Morgan, alongside existing backers including Accel, Benchmark, and Bessemer Venture Partners. The company's AI technology assists legal professionals with research, document review, and drafting, competing against US rival Harvey.
Key points
- Series E: $550M at $8.8B valuation, up from $5.6B six months ago.
- New lead investor: Atreides Management; other new backers include Capital Group and Fidelity.
- Legora's AI supports multi-step legal work for law firms and in-house teams.
- Competes against Harvey in disrupting the legal services market.
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