Legora, an AI company for the legal profession, has raised $550 million in a Series E round at an $8.8 billion post-money valuation. Its previous round valued the company at $5.6 billion. The announcement came from New York and Stockholm on 21 October 2026.

Atreides Management led the round. New investors include Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and J.P. Morgan. Existing investors Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Insight Venture Partners, Menlo Ventures, Redpoint Ventures, Salesforce Ventures and Sands Capital also invested.

Fast revenue growth

Legora said it went from $1 million to $100 million in annual recurring revenue in less than 18 months, and the next $100 million took less than six months. It has now passed $200 million in ARR.

The company counts more than 2,400 law firms and in-house legal teams across more than 80 markets as customers, with more than 140,000 legal professionals using the platform. More than half of the AmLaw 50, the largest US law firms by revenue, are customers. In-house legal teams made up more than 40% of new customers in the third quarter. The US is now its largest market by revenue; Legora opened its first US office in spring 2025.

What Legora makes

Legora describes its product as "the agentic operating system for legal professionals". Its platform, Legora aOS, is where lawyers and AI agents work together on research, drafting and review. New products include agentic intake, horizon scanning and legal research. The company was founded in 2023 and launched its platform in October 2024; it now employs more than 1,000 people across 18 offices.

What the money is for

Legora plans to expand in North America, with offices in New York, Denver, Chicago, Houston, San Francisco, Toronto and Mexico City, and in Europe and Asia-Pacific. It will also invest further in aOS and move from AI assistants to agents that carry out multi-step legal work.

"The opportunity in legal is enormous and we are still early."Max Junestrand, CEO and co-founder, Legora
"Legal is a sophisticated market with demanding buyers, and the bar for software is high."Gavin Baker, Managing Partner and CIO, Atreides Management

Legora's chief financial officer, David Eckstein, said the company is focused on durable growth: "Growth only counts if the business underneath it holds up."

Announced by Legora on its official blog: read the announcement