Legora eyes $1.7bn valuation in fresh funding round, reports say
Forbes reports that Swedish legal AI platform Legora is in talks to raise over $100 million at a valuation of around $1.7 billion.
The figure - over double the $675 million valuation it achieved less than five months ago - shows Legora is hot on the heels of its American rival, Harvey.
Legal AI startup Legora is in talks to raise more than $100 million in fresh funding in a raise that would value the Swedish company at around $1.7 billion, according to Forbes.
The raise, reportedly led by San Francisco-based Bessemer Venture Partners, would more than double the $675 million valuation Legora achieved after its $80 million Series B in May - less than five months ago.
Bigger picture
Founded in 2023, Legora has been expanding rapidly as demand for its legal AI tools surges. Just last week, it announced that Magic Circle heavyweight Linklaters is rolling out the platform across its 30 offices worldwide, joining a client list that already includes big names on both sides of the Atlantic - such as Goodwin, Cleary, Dentons and Mishcon.
The valuation would give Legora cherished "unicorn" status and underscores ongoing competition with US-founded legal AI platform rival Harvey, which was valued at $5 billion after a $300 million Series E raise in June.
Legora declined to comment when approached by Non-Billable.
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