Legora, a startup developing AI software for lawyers, has raised $550 million in Series E funding at an $8.8 billion post-money valuation.
Atreides Management led the round, with new investors including Baron Capital, Fidelity Management & Research Company, and JPMorgan also participating, Legora said Wednesday.
Existing investors including Accel, Benchmark, Bessemer Venture Partners, General Catalyst, Insight Venture Partners, Redpoint Ventures and Salesforce Ventures also joined the round.
Legora's valuation has increased about 57% in seven months. The startup raised $550 million in a Series D round at a $5.55 billion valuation in March. Legora today said its previous-round valuation was $5.6 billion.
The Series E round brings Legora's total funding to more than $1.3 billion. The startup previously raised $150 million in a Series C at a $1.8 billion valuation in October 2025, and $80 million in a Series B at a $675 million valuation in May 2025.
Legora crosses $200 million in annual recurring revenue
Founded in 2023, Legora said its annual recurring revenue increased from $1 million to $100 million in less than 18 months. It passed $200 million less than six months later, though the startup did not disclose its actual revenue.
Legora said its platform is now used by more than 140,000 legal professionals at over 2,400 law firms and in-house legal teams across more than 80 markets. More than half of the 50 largest U.S. law firms by revenue are its customers, the startup said.
In-house legal teams accounted for more than 40% of new customers during the third quarter, up from a small share of its customer base a year earlier, Legora added.
The U.S. is now Legora's largest market by revenue, while the startup opened its first U.S. office in spring 2025 and now has offices in New York, Denver, Chicago, Houston and San Francisco.
"The opportunity in legal is enormous and we are still early," said Legora co-founder and CEO Max Junestrand. "AI is changing the role of the lawyer, with more time for judgment and advice, and it is reshaping how law firms and in-house legal teams are organized and how their work gets done. We intend to lead that shift in the US and globally."
Legora said it will use the fresh capital to continue expanding in North America, Europe and Asia-Pacific and further develop its AI platform. The startup now has more than 1,000 employees across 18 offices.
The funding comes as investors continue backing legal AI startups. Last month, Legora rival Harvey raised $550 million at a $15.5 billion valuation.