Legal tech Legora has raised $150m just five months on from its Series B, as VCs rush to back the most promising startups building AI applications amid growing talk of a bubble.
The Swedish startup hit a $1.8bn valuation, becoming Europe’s most valuable and best-funded legal tech.
Bessemer Venture Partners led the round, with participation from existing investors Iconiq, General Catalyst, Redpoint Ventures, Benchmark and Y Combinator.
Founded in 2023, Legora offers a collaborative AI platform built on top of large language models (LLMs) to help lawyers in their day-to-day work, such as researching, reviewing or drafting legal documents.
The startup previously picked up $80m in May at a $675m valuation.
Since then, Legora says it’s grown its customer base from 250 to over 400, while the number of markets it serves has doubled from 20 to 40. Customers include law firms Linklater, Cleary Gottlieb and Goodwin.
“Legal professionals across the globe are adopting AI into their work at an unprecedented rate,” said CEO and cofounder Max Junestrand in a statement.
“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.”
VCs have flocked to legal tech in 2025. European startups in the sector have raised just under €800m so far this year, according to Sifted data, ahead of the €418m picked up across 2024.
London-based Luminance picked up $75m in February and Edinburgh’s Wordsmith AI raised $25m in June. Berlin-based Noxtua also picked up an €80m Series B in April.
It’s not all been positive. Last week, Sifted reported that Robin AI was in the process of making dozens of staff redundant after struggling to close a $50m funding round.
