Legora Secures $80 Million Series B Funding, Reaching $675 Million Valuation in Rapid Legal AI Ascent

Stockholm, Sweden – Legora, the collaborative AI platform for lawyers, has successfully closed an $80 million Series B funding round, propelling its valuation to $675 million just 13 months after its commercial launch. The significant investment was led by ICONIQ and General Catalyst, with continued participation from existing backers including Redpoint Ventures, Benchmark, and Y Combinator. This funding underscores the rapid adoption and impact of Legora's AI workspace on the legal profession.

Co-founded by 23-year-old Max Junestrand, who entered the legal tech space without a traditional legal background, Legora has quickly established itself as a category leader. The company’s journey began with a focus on fundamentally changing how legal work is performed, a vision that resonated with early partners like Mannheimer Swartling, Sweden's largest law firm. According to the company, this collaboration allowed them to "engineer a product tailored to the needs of lawyers at the top firms."

Legora's AI workspace is now utilized by tens of thousands of lawyers across Europe and globally, including prestigious firms like Cleary Gottlieb, Goodwin, and Bird & Bird. The platform offers features such as "due diligence grids that turn days of work into minutes" and "Word integrations that renegotiate contracts," as highlighted in a recent announcement by Y Combinator. These tools enable lawyers to review and research faster, draft smarter, and advise with greater precision.

The company's strategic growth has been remarkable, scaling from a team of 10 to 100 people within 13 months. This hypergrowth is attributed to its collaborative approach to AI development, building solutions "with lawyers, not just for them." Legora's platform leverages large language models, including those from OpenAI and Meta, integrated into Microsoft’s Azure platform, ensuring enterprise-grade security and functionality.

The newly secured capital will be instrumental in deepening client collaboration, scaling innovation, and accelerating product development to meet the evolving needs of legal professionals worldwide. Legora, which rebranded from Leya in February 2025, has also expanded its global footprint with a new office in New York City, signaling its intent to challenge established players in the burgeoning legal AI market. The company aims to continue its trajectory as a leader in legal AI, transforming the industry through advanced, user-centric technology.