Legal AI platform Legora raises $550m at a $5.55bn valuation

The Stockholm-born company has gone from zero to $5.55 billion in under two years, and it is not slowing down.

There is a standard piece of mythology in the legal profession: that lawyers are resistant to technology, constitutionally sceptical of change, and will be the last white-collar workers standing when the AI reckoning comes. Max Junestrand has spent two years systematically dismantling it.

Legora, (formerly known as Leya) the AI platform Junestrand co-founded in Stockholm in 2023, today announced it has raised $550 million in a Series D round led by Accel, valuing the company at $5.55 billion.

The round brings in a broad cast of investors, Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Sands Capital, Starwood Capital, and Salesforce Ventures are among the new entrants, while existing backers Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator all returned. The funding will be ...