Swedish legal AI startup Legora AI becomes a unicorn after raising €150M at $1.8B valuation

Legora, the collaborative AI platform for lawyers, announced the completion of a Series C round at a $1.8 billion valuation.

Stockholm-based Legora AI, the collaborative AI platform for lawyers, announced the completion of a Series C round of $150M (approximately €129.2M) at a $1.8B valuation, led by Bessemer Venture Partners.

Based out of California, Bessemer Venture Partners is a venture capital firm that invests in companies operating in artificial intelligence & machine learning, biotech, cloud, consumer, cybersecurity, deep tech, developer, fintech, healthcare, marketplaces, and vertical software sectors. 

“Legora exemplifies how the most transformative AI companies fundamentally reimagine how work gets done – they’ve built not just another legal tech tool, but a collaborative AI platform that elevates the practice of law itself,” said Sameer Dholakia, partner, Bessemer Venture Partners. Max and his team’s customer-obsessed approach and exceptional product velocity position Legora to lead the AI transformation of the trillion-dollar legal services industry.”

Existing investors, including ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator, also participated.

The Swedish company will use the funds to double its size and open more global hubs to better serve its growing international clients. Currently, it has offices in Stockholm, London, New York, Denver, and Sydney.

The announcement comes around five months after raising €71M in a Series B funding round at $675M. Since then, the company’s customer base has grown from 250 to over 400, while the number of markets served has doubled from 20 to more than 40. 

Max Junestrand, CEO and co-founder of Legora, says, “We are seeing astronomical demand for our product. Legal professionals across the globe are adopting AI into their work at an unprecedented rate, and I could not be more proud of supporting our customers on this journey. I’m grateful for the strong backing of our investors, which enables us to execute on our vision: enabling the lawyer of the future and seamless collaboration between machine and human intelligence.” 

Legora: Collaborative AI platform for lawyers

Led by Max Junestrand, Legora‘s platform helps legal teams research, draft, and collaborate faster. 

Legora now partners with many of the world’s most prestigious enterprises and law firms – including Linklaters, Cleary Gottlieb, Goodwin, and MinterEllison.

Max Junestrand adds, “Legora is quickly becoming the go-to partner for legal professionals worldwide – making their work easier, more rewarding, and more profitable. We’ve made great progress, but we are only getting started, and executing on our vision will demand relentless focus and hard work from the entire team. We’re excited for the next stage of our journey and the opportunity to create long-lasting impact across the legal profession.”