Swedish legal tech Legora announced Tuesday that it has raised $550 million in a Series D round at a valuation of $5.55 billion, as investors pile money into European AI startups.
The round was led by Accel, with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator.
New investors also participated, including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.
This is Legola’s third Series D procurement in the past year.
The announcement comes on the back of a strong start to the week for European AI companies.
UK-based AI infrastructure Nscale announced Monday that it had raised $2 billion in Series C funding, and on Tuesday, former MetaAI chief Yann LeCun’s emerging AI startup Advanced Machine Intelligence Labs announced it had raised more than $1 billion. British self-driving startup Wave raised $1.2 billion in Series D funding, reaching a valuation of $8.6 billion in February.
A record amount of money poured into European AI startups in 2025, with $21.7 billion invested, according to deal counting platform Dealroom. Just over two months into 2026, AI startups in the region have raised more than $9 billion.
“The pace of adoption in the U.S. has exceeded our expectations, as leading companies and in-house teams decisively move from experimentation to embedding AI throughout their organizations,” Legora co-founder and CEO Max Justlund said in a statement.
“This funding will enable us to accelerate our growth in the U.S. by investing in people and infrastructure, strengthening our presence in key markets, and ensuring we can support our customers on the ground as they integrate AI into their core workflows.”
Legora is expanding its U.S. footprint with new offices in Houston and Chicago, in addition to existing locations in New York and Denver. The company plans to open additional local hubs and expand its U.S. offices to more than 300 employees by the end of 2026.
