Legora reaches $5.55 billion valuation as AI legaltech boom continues

Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D set to fuel growth in the US. This is despite increasing competition from rival Harvey, as well as from Microsoft Copilot and generalist large language models (LLMs). Anthropic’s announcement of a legal plugin for Claude caused the stock price of the publicly traded legal software company to fall.

Although Legora is built on LLM, and most of it is built on Claude, its positioning as a platform that supports lawyers working on complex cases has given CEO Max Joonstrand some comfort. “It’s amazing that everyone can have their own pocket lawyer with Claude, but we’re not solving the same use cases,” he said in a livestream from the Techarena conference in Stockholm.

Legora’s platform is focused on integrating into client workflows, is currently used by 800 law firms and legal teams, and has attracted attention from investors. The Series D was led by Accel, with participation from existing investors Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator. Additional new backers include Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.

There are other signs that investors are bullish on AI legal tech. Regola’s Series D and soaring valuation comes just months after it led a $150 million Series C round in October 2025 at a valuation of $1.8 billion. Competitor Harvey, backed by a16z, is already valued at $8 billion and is now reportedly aiming to raise at an $11 billion valuation. Dealroom says it’s on about the same trajectory in terms of revenue.

Both have global reach. Harvey is pushing hard into Europe, and Legola is heading in the opposite direction. The startup, formerly known as Judilica and then Leya, is an alumnus of Stockholm’s SSE Business Lab, known as a breeding ground for unicorns. However, after joining YC’s Winter 2024 batch, Regola, now headquartered in New York, is keen to continue its growth in the US market, which has exceeded expectations from Europe.

“It’s 9 to 1 in terms of litigation costs,” Junestrand joked to the Tecarena audience. “It turns out Americans like to sue each other more than Europeans.” But the team is growing globally, going from 40 to 400 team members in the past year, according to a press release.

In addition to New York and Stockholm, Legora has offices in Bangalore, London, and Sydney, with additional offices planned in the future. In addition to its Series D, Regola announced that it will open offices in Houston and Chicago, and plans to open additional local hubs and expand its total U.S. office workforce to more than 300 employees by the end of 2026.