Copenhagen, March 10 - Legora, a legal-focused artificial intelligence company headquartered in Sweden, announced on March 10 that it raised $550 million in a Series D financing round that places the firm at a $5.55 billion valuation. The company said the capital will be directed toward accelerating its expansion across the United States and strengthening its on-the-ground capabilities.
Legora's chief executive, Max Junestrand, said the pace of adoption in the U.S. over the past year has outstripped expectations. According to Junestrand, leading law firms and in-house legal teams are moving beyond experimentation and now embedding AI across their organisations, creating demand for closer customer support and local resources.
The Series D was led by Accel. Existing backers that participated in the round include Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator. A group of new investors also joined the financing: Alkeon Capital, Bain Capital, FirstMark Capital, Menlo Ventures, Salesforce Ventures, SandsCapital and Starwood Capital.
Junestrand said the new funding will be used to invest in talent and infrastructure, strengthen the companys presence in key U.S. markets, and ensure Legora can support customers on the ground as they integrate AI into core workflows. The company reiterated its expectation to open additional U.S. hubs and to grow to more than 300 employees across its U.S. offices by the end of 2026.
Legora previously raised $150 million in October, a round that valued the company at $1.8 billion. The latest financing substantially increases its valuation and provides additional capital to execute on its stated U.S. expansion plans.
The announcement highlights a sizable infusion of capital intended to underpin rapid commercial scaling in the U.S., with an emphasis on hiring, physical presence and customer support as clients move from pilot projects to integrated AI deployment.