This Legora company profile covers the company's valuation, revenue, funding rounds, investors and history. Legora works in artificial intelligence, with a focus on AI for lawyers. It was founded in 2023 and is headquartered in Stockholm, Sweden. Its latest valuation on record is US$5.55 billion (March 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Reported talks | Talks to raise at least US$300 million at a pre-money valuation of about US$8.5 billion, not finalised | September 2026 | Tech Funding News |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Mar 2026 | Series D | US$550M | US$5.55B | Accel (lead) | TechCrunch |
| Oct 2025 | Series C | See source | US$1.8B | See source | TechCrunch |
Legora timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2023 — Legora is founded in Stockholm by Max Junestrand (CEO) and Sigge Labor.
- Oct 2025 — Series C: See source, valuing the company at US$1.8B.
- Mar 2026 — Series D: US$550M, valuing the company at US$5.55B. Investors: Accel (lead).
- September 2026 — Reported talks: Talks to raise at least US$300 million at a pre-money valuation of about US$8.5 billion, not finalised.
Investors
Overview
Legora is a legal AI platform built in Sweden and used by law firms and corporate legal teams around the world. Lawyers use it to review and research documents, draft contracts and memos, compare large sets of agreements in a single table, and run multi-step workflows. Its design emphasises collaboration: teams work together inside the platform and adapt it to their own processes. It is the closest rival to US-based Harvey.
Max Junestrand, the CEO, and Sigge Labor founded Legora in Stockholm in 2023, originally under the name Leya. Junestrand was in his early twenties when he started the company. Legora has expanded quickly, opening offices in London, New York and other cities, and the US has become its biggest growth market.
Product
- Review tables: upload hundreds of contracts and extract key terms into a table, such as change-of-control clauses or termination rights, with citations to the source text.
- Assistant: research, summarisation and drafting in a firm's style, grounded in its documents and legal sources.
- Workflows and agents: repeatable processes for tasks like due diligence, contract review against playbooks or preparing filings.
- Integrations: connections to document management systems and Microsoft Word, where lawyers spend much of their time.
Business model
Legora sells enterprise subscriptions, typically per seat, to law firms and in-house legal departments. Firms often begin with a practice group and expand across the firm. It doesn't publish revenue; press reports have cited very different figures, so we show revenue as not disclosed. The wide gap between those reports shows why unconfirmed revenue numbers for fast-growing private companies should be treated with caution.
Funding
- October 2025: a round that valued Legora at about US$1.8 billion.
- March 2026, Series D: US$550 million at a US$5.55 billion valuation, led by Accel, to fund US expansion, roughly tripling its valuation in five months.
- April 2026: an extension of about US$50 million led by Nvidia's venture arm NVentures and Atlassian, reported to bring the Series D to about US$600 million.
In September 2026, Bloomberg reported talks to raise at least US$300 million at a pre-money valuation of roughly US$8.5 billion. Those talks were not finalised when we last checked, so we use the Series D figure. Earlier investors include Iconiq, General Catalyst, Benchmark and Redpoint.
Legora versus Harvey
The two companies are often compared. Harvey started in the US with elite law firms and has a larger customer base among the biggest American firms. Legora started in Europe, built a reputation for product design and collaboration features, and has been expanding aggressively in the US. Both raise money frequently at rising valuations. Many large firms evaluate both; some use one for certain practice groups and the other elsewhere. For buyers, competition has driven rapid product improvement.
Competition beyond Harvey
Legora also competes with Thomson Reuters' CoCounsel, LexisNexis's Protégé and Lexis+ AI, legal-specific tools from smaller startups, and general AI assistants used by lawyers. Its advantages are its product design, collaboration features and strong traction in Europe.
Legora at a glance
Legora is a Stockholm legal AI company founded in 2023 by Max Junestrand and Sigge Labor. It was valued at about US$1.8 billion in October 2025 and raised US$550 million at US$5.55 billion in March 2026, led by Accel, followed by an extension with NVentures and Atlassian. Reports in September 2026 described talks at about US$8.5 billion.
Europe's AI success stories
Legora is part of a group of European AI companies, including Lovable in Stockholm, Mistral AI in Paris and ElevenLabs in London, that have reached multi-billion-dollar valuations in a short time. Stockholm in particular has a strong record of producing global software companies, from Spotify to Klarna. For European founders, Legora shows that a company can start at home, prove its product with demanding customers, then win in the US.
Why lawyers adopt collaborative AI
Legal work is done in teams: partners, associates, paralegals and in-house counsel all contribute to a matter. Tools that let teams share prompts, workflows and results, rather than each lawyer working alone with a chatbot, fit how firms operate. Collaborative design also helps firms capture and reuse know-how, such as the questions a senior lawyer asks when reviewing a contract, which can then be applied consistently by more junior colleagues.
Evaluating legal AI tools
- Run a side-by-side test on real matters with lawyers who will use it daily.
- Check citation accuracy and how easily lawyers can verify outputs.
- Confirm data residency and confidentiality terms, especially across jurisdictions.
- Assess integrations with document management and Word.
How law firms are changing
AI tools are prompting firms to rethink how they work and how they charge. Tasks that once took junior associates days, such as reviewing hundreds of contracts in a due diligence exercise, can now be done in hours, with lawyers checking and refining the output. That raises questions about the billable hour, the traditional way firms charge, and about how junior lawyers learn their craft if routine work disappears. Some firms are experimenting with fixed fees for AI-assisted work, and clients increasingly expect to see efficiency gains reflected in their bills. Legal AI vendors that help firms measure time saved and quality improvements can make it easier for firms to adapt their business models.
In-house legal teams are adopting the same tools to handle more work internally rather than sending it to outside firms. That shift could change the balance of power between companies and their law firms over time, as more routine legal work stays inside the business rather than going out.
Latest developments (October 2026)
Legora's March 2026 Series D of US$550 million, led by Accel at about US$5.55 billion, was later extended to about US$600 million. In the autumn, the Financial Times reported early talks to raise at a valuation of at least US$10 billion, according to Dealroom; Legora declined to comment. It competes closely with Harvey. See our legal tech guide.
What to watch
Watch whether the reported round closes, US customer wins, revenue disclosures, new product launches and how competition with Harvey evolves.
Notes for readers
Law firms benefit from competition between Legora and Harvey through better products and pricing. Founders in Europe can see a path to global scale. Investors should be cautious with unconfirmed revenue figures and focus on confirmed rounds and customer growth.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Legora do?
Legora is a artificial intelligence / ai for lawyers company headquartered in Stockholm, Sweden. It was founded in 2023.
What is Legora's valuation?
Legora was valued at US$5.55 billion as of March 2026, according to TechCrunch. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Legora make?
Legora is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Legora's latest funding round?
The most recent financing we have verified is a series d in Mar 2026: US$550M, at a valuation of US$5.55B. Source: TechCrunch.
Who are Legora's investors?
Investors named in public announcements include Accel, Iconiq, General Catalyst, Benchmark, Redpoint Ventures, NVentures and Atlassian Ventures.
Who founded Legora?
Legora was founded in 2023 by Max Junestrand (CEO) and Sigge Labor.
Is Legora a public company?
No. Legora is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Legora headquartered?
Legora is headquartered in Stockholm, Sweden.