Legora Raises $550M Series E at $8.8B Valuation

What happened

The round was led by Atreides Management, with new investors including Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners, and J.P. Morgan, alongside existing investors. Legora said the capital will fund accelerated growth in North America and investment in its agentic capabilities.

Legora is a Sweden-based legal AI company whose product helps lawyers research, review, and draft documents. The United States is now its largest market by revenue, the company said; it opened its first U.S. office in New York in March 2025 and has since added offices in Denver, Chicago, Houston, and San Francisco, and now employs more than 1,000 people.

AI is changing the role of the lawyer, with more time for judgment and advice, and it is reshaping how law firms and in-house legal teams are organized and how their work gets done.

— Legora co-founder and CEO Max Junestrand (statement)

Key facts

1. Round: : $550M Series E at an $8.8B valuation, led by Atreides Management; Fidelity, J.P. Morgan and others joined as new investors, with existing investors participating
2. Company: : Sweden-based legal AI startup Legora, co-founded and led by CEO Max Junestrand, with more than 1,000 employees
3. Use of funds: : accelerate North American expansion and invest in agentic capabilities
4. Context: : in March, Legora raised $550M at a $5.55B valuation; in September, rival Harvey raised $550M at a $15.5B valuation