Swedish legal tech Legora today announced a $50m extension of its previously announced Series D financing, bringing the total round to $600m in equity and valuing the company at $5.6bn post-money.
The extension adds Atlassian and NVentures (Nvidia’s venture capital arm) as corporate investors, alongside new financial investors, including Adams Street Partners, Airtree, Barclays, Geodesic Capital, Insight Partners, Liberty Global and Nikesh Arora.
The extended funding round follows its $550m raise in March. Legora recently surpassed $100m in annual recurring revenue (ARR) – placing it among the fastest-growing enterprise software companies. It has over 1,000 corporate customers and has scaled from 40 to 400 employees in the last year.
“Enterprise AI is now entering a new phase,” said Max Junestrand, CEO and cofounder of
Legora, in a statement.
“Foundation models are improving rapidly, but the real breakthrough is in how they’re applied, where AI doesn’t just assist, but executes autonomously with the right level of human oversight. With the support of our investors and customers, we’re building a full agentic operating system for legal work”.
In March, Legora made its first acquisition of Canadian Walter AI to expand its agentic platform for legal teams in Canada. Earlier this month, the company acquired Qura, a Stockholm-based pioneer in AI-native legal research.
Junestrand tells Sifted it is part of a strategy to hire the best people.
“At Legora, we always hire the best people on the planet and these happen to be in other companies building in either adjacent or different verticals,” he says. “So when there are opportunities and alignment with the founders and the people working there to build something even bigger together, we are excited to have those conversations.”
Junestrand is speaking at Sifted Summit on September 30 and October 1 in London.
