Legora has raised a further $50m to extend its recent Series D funding round, increasing the company’s valuation to $5.6bn.
The fresh investment was led by NVIDIA’s venture capital arm NVentures and software firm Atlassian, alongside venture capital firms Adams Street Partners, Airtree and Geodesic Capital.
They were joined by software investor Insight Partners, telecommunications company Liberty Global, Barclays and Indian-American billionaire Nikesh Arora.
The additional funding has brought the total raised in the Series D round to $600m.
Legora says the extra capital has arrived following a period of rapid growth, recently surpassing $100m in annual recurring revenue.
Max Junestrand, CEO and co-founder of Legora, said that enterprise AI is now “entering a new phase”.
He added: “Foundation models are improving rapidly, but the real breakthrough is in how they’re applied, where AI doesn’t just assist, but executes autonomously with the right level of human oversight. With the support of our investors and customers, we’re building a full agentic operating system for legal work.”
Sarah Hughes, Atlassian head of corporate development, said: “As a leader in legal AI, Legora is showing how deeply integrated, context-aware AI can transform complex workflows. We see strong alignment with Atlassian’s vision for AI-powered team collaboration and look forward to supporting their continued expansion.”
Legora originally raised $550m from its Series D financing round in March, led by venture capital firm Accel, along with existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator.
Last year, the Series C and B funding rounds were completed, raising $150m and $80m respectively.
ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator were again backers on both occasions, with the Series C round being led by Bessemer Venture Partners.
Its Series A funding round was concluded two years ago, under the firm’s original name Leya, and was led by Redpoint.
In the past year, Legora says that its headcount has swiftly increased to 400 employees from just 40 over that period, while its customer base has substantially increased from 200 to more than 1,000 organisations, serving major global law firms including White & Case, HSFK and Linklaters.
The firm claims that across all deployments, its AI capabilities have saved lawyers an average of 4.3 non-billable hours per week, while helping 42% of firms gain new work using Legora.
Last month, it completed the acquisition of Swedish AI legal research start-up Qura, which followed the deal in March to purchase Canadian agentic legal AI platform Walter AI to strengthen its position in the Canadian market.
Stockholm-based Legora also hired Hollywood star Jude Law last month to front its ‘Law just got more attractive’ campaign across key markets in the UK, US and the Nordics.
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