Law firms and legal teams face time-consuming, repetitive tasks like contract review and legal research that reduce efficiency, increase costs, and limit lawyers’ ability to focus on high-value work. Legora addresses this by using advanced AI to automate routine processes, streamline collaboration, and provide secure, rapid access to legal insights, enabling professionals to concentrate on more strategic matters.
Today, Legora announces an $80 million funding round at a $675 million valuation, led by ICONIQ and General Catalyst, with continued support from existing investors Redpoint Ventures, Benchmark, and Y Combinator. This latest round strongly endorses Legora’s product quality and remarkable global traction, highlighted by its rapid progression from inception to Series B in under two years. The total funding now stands at $120M.
Max Junestrand, CEO and founder of Legora, said: “This investment validates the value our product delivers to lawyers worldwide. While we weren’t actively seeking funding, the strength of our growth, product, and client partnerships naturally attracted this backing. I’m thrilled to have ICONIQ and General Catalyst join us on this journey as Seth and Jeannette join our board.
“This enables us to double down on what’s always set Legora apart—deep collaboration with our clients — and to scale innovation and accelerate product development, ensuring we leverage rapidly evolving technology to meet the legal profession’s needs. We’re committed to building a product that not only solves today’s challenges but continues to adapt and deliver long-term value.”
The deal comes as legal AI adoption surges worldwide. Legora leads this shift with lawyers across 250 firms, including global firms like Cleary Gottlieb, Bird & Bird, Goodwin, Mannheimer Swartling, and Perez-Llorca. Now used in 20 markets globally, Legora’s platform helps legal teams reduce contract review times by up to 80% and cut due diligence costs by more than half. Legal professionals rely on its platform daily to review and research with precision, draft smarter, and collaborate seamlessly.
Streamlining legal operations with intelligent automation
Legora was founded in 2023 in Stockholm, Sweden, by Max Junestrand, Sigge Labor, and August Erséus. Junestrand, the CEO, previously worked as an analyst at European venture fund Norrsken VC, while Labor and Erséus brought backgrounds in software and machine learning. The founding team’s combined expertise in legal operations, venture capital, and AI engineering uniquely positioned them to tackle the legal sector’s inefficiencies.
The founders were inspired after seeing lawyers overwhelmed by repetitive, manual tasks like endless document reviews and research. They recognised AI’s potential to transform legal workflows, especially with the emergence of large language models like ChatGPT.
Max Junestrand added: “AI, simply put, is a historic opportunity for legal professionals to get real leverage on their expertise and know-how. We have observed tasks such as reviewing data rooms go from weeks to hours with no loss in accuracy, making human-machine intelligence and collaboration the de facto way of working. Both law firms and legal teams are already reaping the benefits of these advancements at scale.
Legora was created to help legal professionals work smarter and more efficiently by automating routine work, allowing them to focus on higher-value tasks. The company quickly gained traction, partnering with major law firms and expanding internationally, including opening a New York City office. Legora also recently rebranded from its former name, Leya, to better reflect its mission of uniting legal expertise and next-generation technology.
Legora: Redefining legal workflows with enterprise-grade AI
Legora’s collaborative approach to developing and embedding its AI drives its success. More than just a platform, Legora is a true partner to clients, working alongside them from initial interaction through company-wide rollout and beyond. This ensures Legora’s solution matches client needs intuitively, with broad engagement from day one — the technology is embraced by everyone from junior lawyers to managing partners across enterprises.
Legora’s AI platform distinguishes itself through deep integration with existing legal workflows, including seamless compatibility with Microsoft Word, iManage, and SharePoint, plus enterprise-grade security (GDPR, ISO 27001, SOC 2 compliance). By building with lawyers, not just for them, Legora has accelerated adoption and delivered immediate value. Its AI platform makes a measurable impact at top law firms and in-house teams, powering critical work processes and helping teams address key issues in hours rather than days, enabling better, more confident client responses with fewer write-offs.
The platform’s proprietary features, such as Tabular Review (which lets users analyse thousands of contracts in a spreadsheet-like interface) and context-aware research that cross-references internal databases and external legal sources, have been called “game-changing” for productivity and accuracy by clients.
Seth Pierrepont, General Partner at ICONIQ commented: “From our first conversation with Max and Sigge, it was immediately evident to us that they are building with rare clarity and velocity, creating a platform that doesn’t just fit into legal workflows – it elevates them, and understands the nuance and pace of modern legal teams. In just two years, they’ve delivered an enterprise-grade product already trusted by hundreds of law firms and in-house legal teams globally. We’re proud to partner with Legora as they scale what we believe is a category-defining platform reshaping how legal work gets done.”
Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst, said: “Legora is driving AI transformations in a highly specialised industry. With an outstanding product, rapid adoption by top-tier firms, and a founder who combines rare product instinct with exceptional execution, as we see it, Legora is redefining how legal work gets done. We’re excited to support Max and the team as they scale this category-defining platform.”
Mary O’Carroll, Goodwin’s Chief Operating Officer, commented: “Legora represents exactly the kind of strategic technology investment that keeps Goodwin at the forefront of legal excellence. We’ve been very pleased with the initial results we have seen since partnering with them in March, and we look forward to continuous improvement in how our lawyers use Legora to deliver legal services and insights to clients.”
Looking ahead, Legora plans to use the new capital to accelerate R&D in predictive analytics for litigation, expand integrations with leading legal research platforms, and double its team by 2026. The company’s vision is to become the “operating system for modern legal teams,” enabling smarter, faster, and more collaborative legal work worldwide.
