As law firms increasingly integrate artificial intelligence into their daily workflows, legal technology startups are attracting significant investment.
Legora has raised $550 million in a Series D funding round, valuing the company at $5.55 billion. The round was led by Accel, with participation from existing investors including Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ Capital, Redpoint Ventures and Y Combinator.
New investors in the round include Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Sands Capital, Starwood Capital and Salesforce Ventures.
With the new capital, Legora plans to expand hiring, invest in infrastructure and continue developing its AI platform as legal organisations integrate AI more deeply into their operations.
Expanding presence in the United States
The new funding comes as Legora expands its presence in the United States. The announcement coincides with the first anniversary of the company’s U.S. operations, which began with the opening of a New York office in March 2025.
The company now plans to open new offices in Houston and Chicago, while continuing to operate from New York and Denver. Legora expects to grow to more than 300 employees across its U.S. offices by the end of 2026.
Commenting on the funding and U.S. expansion, Max Junestrand, CEO and Co-Founder of Legora, said, “Over the past year, the pace of adoption in the U.S. has exceeded our expectations, as leading firms and in-house teams move decisively from experimentation to embedding AI across their organisations. This funding enables us to accelerate our U.S. growth – investing in talent and infrastructure, strengthening our presence in key markets, and ensuring we can support customers on the ground as they integrate AI into their core workflows.”
Growing adoption of AI in legal workflows
Led by Max Junestrand, Legora develops software designed to assist lawyers with research, document review and drafting.
The company’s platform is used by legal teams to help manage complex legal work and streamline tasks. Its platform is currently used by tens of thousands of lawyers across more than 800 customers in over 50 markets. Clients include law firms such as White & Case, Cleary Gottlieb and Goodwin.
Over the past year, Legora has expanded its workforce significantly, growing from 40 employees to around 400 across offices in Stockholm, London, New York, Denver, Sydney and Bengaluru.
“Max and team are relentlessly focused on building the AI operating system for the legal industry,” said Arun Mathew, Partner at Accel. “As in other service industries, work is quickly shifting to end-to-end workflows run by agents, and more of that work is happening on Legora. We’re excited to partner with Legora as they enter this next stage of growth.”
