Legora Raises $550M at $8.8BN Valuation for Legal AI Push
The Stockholm-based legal AI company has more than doubled its valuation in six months, closing a $550 million Series E led by Atreides Management.
AfroEuropa Newsroom
AfroEuropa desk
Legora, a Swedish legal AI company, said it has raised $550 million (about €489 million) in a Series E funding round that values the business at $8.8 billion (roughly €7.8 billion) post-money. The round came just six months after the company closed its previous funding.
The raise lifts Legora's valuation from $5.6 billion, the level set during its $600 million Series D six months earlier, according to Tech.eu.
Boston-based investment firm Atreides Management led the round as a new investor. Other new backers include Baron Capital, Capital Group (also reported as Capital Research), Fidelity, Glade Brook Capital Partners, and JP Morgan. Existing investors Accel, Benchmark, Bessemer Venture Partners, General Catalyst, Iconiq, Insight Venture Partners, Redpoint Ventures, Salesforce Ventures, and Sands Capital also took part.
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