Legal teams around the world still spend too much time on tasks that don’t require their full expertise—like contract reviews and research. These repetitive chores slow down productivity, raise costs, and pull lawyers away from more strategic work. That’s the problem Legora set out to solve.
Now, the Swedish startup has secured $80 million in Series B funding, bringing its valuation to $675 million. The round was led by ICONIQ and General Catalyst, with participation from Redpoint Ventures, Benchmark, and Y Combinator. With this new capital, Legora has raised a total of $120 million—a major milestone just two years after launching.
CEO and co-founder Max Junestrand said the company wasn’t actively looking to raise funds. But strong traction, rapid product growth, and deep client relationships drew attention from top-tier investors. With the new funding, Legora plans to speed up product development, scale its team, and continue delivering measurable value to law firms and legal departments.
Empowering Legal Teams With AI That Works
Legora is already helping over 250 firms across 20 countries, including Goodwin, Bird & Bird, and Cleary Gottlieb. These teams use Legora’s platform daily to cut contract review times by up to 80% and reduce due diligence costs by more than half.
Founded in Stockholm in 2023, the startup is led by a trio with deep experience across venture capital, legal operations, and AI engineering. Junestrand previously worked at Norrsken VC, while co-founders Sigge Labor and August Erséus brought strong machine learning and software expertise. The idea for Legora came from watching lawyers buried under paperwork that could be easily automated.
Their solution: a legal AI platform that integrates directly into tools lawyers already use, like Microsoft Word, iManage, and SharePoint. The platform also meets enterprise-grade security standards, including GDPR, ISO 27001, and SOC 2 compliance. These integrations ensure smooth onboarding and fast adoption across legal teams.
What makes Legora stand out isn’t just the technology—it’s how it’s built with lawyers, not just for them. The company partners closely with clients from onboarding to daily use. This hands-on approach has helped Legora become more than a tool—it’s become a trusted teammate inside law firms.
Smarter Workflows, Faster Results
Legora’s platform includes powerful features like Tabular Review, which lets lawyers analyze thousands of contracts in a spreadsheet-style interface. It also offers context-aware research, combining internal knowledge with public databases for instant insights. These tools help teams answer client questions faster, with more confidence—and fewer write-offs.
Investors see big potential. ICONIQ’s Seth Pierrepont noted that Legora is building with “rare clarity and speed.” General Catalyst’s Jeannette zu Fürstenberg added that the platform is “redefining how legal work gets done,” thanks to its rapid adoption and strong product vision.
Clients agree. Mary O’Carroll, COO at Goodwin, said the firm has already seen real results since adopting the platform. She expects Legora to continue helping lawyers deliver high-quality work faster.
Looking ahead, Legora plans to expand R&D into predictive analytics for litigation, add more integrations with research tools, and double its team by 2026. The ultimate goal? To become the operating system for modern legal teams—where AI handles the heavy lifting and lawyers focus on what matters most.
