Legora reaches $5.55 billion valuation as AI legaltech boom endures

Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D set to fuel its growth in the U.S. That’s despite growing competition with rival Harvey, but also with Microsoft Copilot and generalist large language models (LLMs). Publicly listed legal software companies saw their stocks drop when Anthropic unveiled a legal plugin for Claude.

Legora is built on top of LLMs, and mostly on Claude, but its positioning as a platform that supports lawyers with complex cases gives CEO Max Junestrand some peace of mind. “It’s amazing that everybody can have their own pocket lawyer in Claude, but we’re not solving for the same use case,” he said via livestream at the Techarena conference in Stockholm. 

With a focus on embedding itself into its clients’ workflows, Legora’s platform is now used by 800 law firms and legal teams — and investors took note. Its Series D was led by Accel, with participation from existing investors Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator; and new backers including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.

There are other signs that investors are bullish about AI legaltech. Legora’s Series D and valuation jump come just a few months after its October 2025 $150 million Series C round led at a $1.8 billion valuation. Its competitor, Harvey, which is backed by a16z, is already valued at $8 billion, and is now reportedly seeking to raise at a $11 billion valuation. According to Dealroom, they are also on almost identical trajectories with regard to revenue. 

Both are also branching out globally; Harvey is pushing hard into Europe, and Legora in the opposite direction. Formerly known as Judilica, then Leya, the startup is an alum of Stockholm’s SSE Business Lab, a known breeding ground for unicorns. But after participating in YC’s winter 2024 batch, Legora is now headquartered in New York and keen to keep on pushing in the U.S. market, where its growth exceeded its expectations coming out of Europe.

“It’s nine to one in terms of legal spending; it turns out the Americans love to sue each other much more than we like to do in Europe,” Junestrand joked while speaking to Techarena’s audience. But the team has grown globally — from 40 to 400 team members over the past year, according to a press release.

In addition to New York and Stockholm, Legora has offices in Bangalore, London, and Sydney, with more to follow. Alongside its Series D, Legora announced it would open offices in Houston and Chicago, with plans to open additional local hubs and grow to more than 300 employees across its U.S. offices by the end of 2026.