Legora’s value reaches $5.55 billion as AI legal technology boom continues

Liguraan AI platform for lawyers, is now valued at $5.55 billion after a $550 million Series D and aims to boost its growth in the US, despite increasing competition from rivals. Harveybut also with Microsoft Copilot and general large language models (LLMs). Legal software companies listed on the stock exchange saw their stocks decline When Anthropic Unveiling the Legal Plugin for Claude.

Legora is built on top of LLMs, and Mostly on Claudebut its position as a platform that supports lawyers on complex cases gives CEO Max Gunstrand some peace of mind. “It’s amazing that everyone has their own pocket lawyer in Cloud, but we’re not solving the same use case,” he said via livestream at the Techarena conference in Stockholm.

With a focus on integrating itself into its clients’ workflows, Legora’s platform is now used by 800 law firms and legal teams – and investors have taken note. Accel led the Series D, with participation from existing investors Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator; and new backers including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.

There are other signs that investors are bullish on AI legal technology. Legora’s Series D and valuation jump come just a few months away from October 2025 $150 million Series C round It led to a valuation of $1.8 billion. Its competitor, Harvey, powered by a16z, already exists Worth $8 billionAnd it is said now It seeks to raise an $11 billion valuation. according to Deal roomThey also follow almost identical paths in terms of revenue.

Both are also branching out globally. Harvey is Strong pressure on EuropeAnd Ligura in the opposite direction. She was formerly known as Judilica, then Leyathe startup is an alumnus of the SSE Business Lab in Stockholm, A A known breeding ground for rhinos. But after sharing In YC’s Winter 2024 classLegora is now headquartered in New York and is keen to continue its push into the US market, where its growth has exceeded its expectations coming from Europe.

“It’s nine to one in terms of legal spending; it turns out that Americans like to sue each other a lot more than we like to do in Europe,” Gunstrand joked while speaking to a Tikarina audience. But the team has grown globally — from 40 to 400 team members over the past year, according to a press release.

In addition to New York and Stockholm, Legora has offices in Bangalore, London and Sydney, with more to come. Along with the Series D, Legora announced that it will open offices in Houston and Chicago, with plans to open additional local centers and grow to more than 300 employees across its US offices by the end of 2026.