Collaborative AI platform Legora has completed a Series C round of US$150 million at a US$1.8 billion valuation.
The round was led by Bessemer Venture Partners, with significant investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator, and was undertaken to accelerate its global expansion and growing product roadmap.
The funding round took place against the backdrop of Legora’s customer base having grown from 250 to over 400, while the number of markets served has doubled from 20 to more than 40.
Legora’s chief executive and co-founder, Max Junestrand, said: “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.”
Bessemer Venture Partners partner Sameer Dholakia said: “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.
“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.”
Junestrand said: “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.”
The provider has offices in Stockholm, London, New York, Denver, and Sydney, with a team of nearly 200 legal experts and technologists.
Next year, Legora is aiming to more than double in size and establish additional global hubs.
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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