Legora has added $50 million to its Series D round, bringing the total to $600 million and valuing the company at $5.6 billion. Atlassian and NVentures, Nvidia’s venture capital arm, joined as new investors, along with Airtree, Barclays, and Geodesic.
According to Dealroom data, this is Nvidia’s first investment in legal tech.
Max Junestrand and Sigge Labor started Legora in Stockholm in 2023, first calling it Leya. They wanted to solve the challenges of legal work with a tool designed specifically for the field. After joining Y Combinator’s Winter 2024 program, the company moved its headquarters to New York and began expanding in the US.
Legal work is expensive, time-consuming, and involves handling many documents. Tasks such as research, contract review, and drafting often follow patterns that AI can handle well. Still, the legal industry has been slow to use AI widely due to worries about accuracy, confidentiality, and liability. Now, this hesitation is fading. More corporate legal teams are using AI directly, and adoption is growing faster than expected.
Legora’s platform helps lawyers work together with AI on complex cases, rather than using separate prompts. It manages research, review, and drafting, and brings firm data and local legal knowledge into daily work. Legora now has over $100 million in annual recurring revenue.
Law firms using the platform save an average of 4.3 non-billable hours per lawyer each week, and 42% say they have won new work as a result. Customers include White & Case, Linklaters, Cleary Gottlieb, and Barclays.
Its direct competitor is Harvey, backed by a16z and valued at $8 billion, which is growing quickly in Europe, where Legora started out. Microsoft Copilot and Anthropic’s Claude are also moving into legal workflows from the broader AI market.
“Legora is showing how deeply integrated, context-aware AI can transform complex workflows. We see strong alignment with Atlassian’s vision for AI-powered team collaboration and look forward to supporting their continued expansion,” says Sarah Hughes, Atlassian Head of Corporate Development and Product Partnerships.
“Foundation models are improving rapidly, but the real breakthrough is in how they’re applied, where AI doesn’t just assist, but executes autonomously with the right level of human oversight. With the support of our investors and customers, we’re building a full agentic operating system for legal work,” concludes Junestrand.
In the past year, Legora grew from 40 to 400 employees and expanded its customer base, increasing from 200 to organisations across 50 markets. The $600 million in funding gives the company the resources to reach this goal before Harvey does.
