Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D funding round set to fuel its growth in the U.S. This valuation comes despite growing competition from rival Harvey, as well as from Microsoft Copilot and generalist large language models.
Publicly listed legal software companies recently saw their stocks drop when Anthropic unveiled a legal plug-in for its Claude AI. Legora itself is built on top of large language models, primarily Claude, but its CEO Max Junestrand finds confidence in the platform’s focus on supporting lawyers with complex cases. He stated that while it is amazing everyone can have a pocket lawyer in Claude, Legora is not solving for the same use case.
With a focus on embedding itself into client workflows, Legora’s platform is now used by 800 law firms and legal teams. Its Series D round was led by Accel, with participation from existing investors like Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator. New backers include Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.
There are other signs investors are bullish on AI legal tech. Legora’s Series D and valuation jump come just months after a $150 million Series C round in October 2025 at a $1.8 billion valuation. Its competitor Harvey, backed by Andreessen Horowitz, is already valued at $8 billion and is reportedly seeking to raise new funds at an $11 billion valuation. According to data, the two companies are on nearly identical revenue trajectories.
Both companies are branching out globally. Harvey is pushing into Europe, while Legora is expanding in the opposite direction. Formerly known as Judilica and then Leya, the startup is an alum of Stockholm’s SSE Business Lab. After participating in Y Combinator’s winter 2024 batch, Legora is now headquartered in New York and keen to push further in the U.S. market, where its growth exceeded expectations.
Junestrand joked that legal spending is nine to one in favor of the U.S., noting Americans love to sue each other more than in Europe. The company’s team has grown globally from 40 to 400 members over the past year. In addition to New York and Stockholm, Legora has offices in Bangalore, London, and Sydney. Alongside its Series D, the company announced it would open offices in Houston and Chicago, with plans to grow to more than 300 employees across its U.S. offices by the end of 2026.