Fast-growing legal AI platform Legora today (30 October) announced the completion of a Series C round of $150m at a $1.8bn valuation, led by Bessemer Venture Partners, with significant investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator. This raise sees Legora join the unicorn club – in its $80m Series B in May this year, it was valued at $675m, less than two years on from inception.
Since May, Legora says its customer base has grown from 250 to over 400, while the number of markets its serves has doubled from 20 to more than 40. At Legal IT Insider we have tracked some of those markets, including recently interviewing Deloitte in London about their partnership with Legora, which started in Sweden, where Legora was founded.
Legora now counts firms some of the world’s largest firms as clients including Linklaters, Cleary Gottlieb, Goodwin, and MinterEllison, but its strategy is also to bring those clients on as collaborators, in a clever strategy to deepen their relationship and further extend its reach. Other major law firm clients include Bird & Bird, Addleshaw Goddard, and Browne Jacobson.
With offices in Stockholm, London, New York, Denver, and Sydney, Legora has built a team of nearly 200 legal experts and technologists. In the year ahead, the company says that it aims to more than double in size and establish additional global hubs, strengthening its ability to meet the needs of an expanding international client base. Legora is competing with Harvey, which has now raised around $1bn in funding and has an $8bn valuation.
We asked co-founder Max Junestrand over email what the key drivers of this raise are, and, as the market becomes jittery in the wake of Robin AI’s financial woes, how customers can be assured that scaling fast is sustainable.
Max congratulations on this raise, what has driven this latest funding round, which comes just six months after your Series B?
Put simply, we’ve seen incredible demand from lawyers across the world over the last six months and this has driven exponential growth. Since our Series B in May, our customer base has grown from 250 to over 400. The number of markets served has doubled from 20 to more than 40, and we’re now a team of 200 with offices in Stockholm, London, New York, Denver, and Sydney. With strong ongoing investor interest, we decided to raise this Series C to help us achieve our ambitious goals for the business.
This is a huge round, how will it be spent/what is it earmarked for in particular?
This round is all about turbocharging global expansion, accelerating our product roadmap and strengthening our ability to meet the needs of an expanding international client base. While many organizations have experimented with AI tools, the real opportunity lies in deep adoption — redefining processes and elevating how legal work is delivered. Legora stands apart by working side-by-side with clients to embed AI meaningfully into their operations, moving beyond simple chatbots to genuine workflow transformation. This is what we will now double down on.
What can you say to people in the market who are worried that the AI bubble will pop – what differentiates companies that last from those that don’t?
The growth in demand we’ve seen over the last year, and the value clients say we bring to their business tells me that legal AI is not a bubble about to burst. Having AI-powered tools like Legora has already become essential – especially for global firms looking to stay ahead in a fast-evolving market. That’s not going to change.
The AI companies that will come out on top in the legal sector are those who adopt a truly collaborative approach to developing and embedding AI with clients. It’s not just about onboarding – it’s about working alongside lawyers at every step to encourage meaningful adoption and lasting impact. And it’s about continually learning and adapting. The velocity of innovation at Legora means that we can stay in lock step with law firms’ needs.
How do you ensure that you grow in a sustainable fashion, balancing the demand to meet the needs of customers with ensuring longevity?
I would highlight three things: product strength and innovation; client support and collaboration; and continuing to build our exceptional team.
Technology never stands still, and neither do we. We’re innovating ahead of the curve to ensure our platform continues to deliver lasting value for clients. Even if you have the best product on the market today, we know the job is never finished and we keep building.
Collaboration is key. We created Legora alongside lawyers at the largest law firm in the Nordics. Despite our rapid growth, we will never lose sight of our roots, and we’ll continue to learn from the brilliant lawyers we support every day.
Finally, we’re lucky enough to have an amazing team of nearly 200 legal experts and technologists. We have some of the world’s best technical minds powering platform development working alongside expert legal minds from top firms and in-house teams. Nurturing the talent we have today, and making the right hires for the future will guarantee success for the long term.
What most excites you about this round?
I’m hugely grateful to all our investors and customers who believe in us and our mission. It’s already been an incredible journey so far, but I know this is just the beginning – 99 percent is still ahead of us.
I’m excited to keep building and innovating, and this funding round allows us to do this with more velocity and more fervour. Most of all, I’m excited to keep working with the lawyers that we work with across the world, so we can ensure our platform continues to meet their needs and deliver value as technology evolves.
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