Legora was valued at $5.6B only six months ago. The Swedish legal software maker has now banked a further $550M, lifting its worth to $8.8B.
Boston-based Atreides Management, a first-time holder, wrote the largest ticket. Baron Capital, Capital Group, Fidelity, Glade Brook Partners and JP Morgan are also new, and nine funds from the earlier rounds kept their seats.
Chief executive Max Junestrand, who co-founded the business, said the group was chosen for staying power, weaving patient holders with strategics and funds that serve legal teams.
Corporate counsel tipped the round
Lawyers inside companies were barely a slice of revenue twelve months ago. During the third quarter they supplied over 40 percent of new business, as buyers shift from tools that draft documents to agents that carry out work spanning several steps.
That appetite is strongest in America, now Legora’s largest market and served from seven cities, among them New York, San Francisco, Chicago, Denver, Houston, Toronto and Mexico City. Europe and Asia-Pacific sit behind it.
Cash goes to North American growth and to the agentic operating system, which the company says carries matters end to end. Junestrand argues the field remains wide open, and that models take drafting off a lawyer’s desk so judgment and client advice get more of the day. Harvey, its American rival, is chasing the same lawyers.
