Legora, the legal AI startup that’s taking aim at the U.S. legal market, raised $80 million in a startup funding round that values the company at $675 million.
The announcement Wednesday continues an eventful year for Legora, which was founded in Sweden in 2023. The startup has changed its name from Leya to Legora, formally launched in the US, and announced partnerships with big law firms Cleary Gottlieb and Goodwin Procter.
Legora says its AI-powered platform helps lawyers at law firms and corporate legal departments review, draft, research, and advise with tools like a conversational legal assistant and a Microsoft Word add-on that can review a contract against an approved playbook.
ICONIQ and General Catalyst led the most recent funding round, and existing investors Redpoint Ventures, Benchmark, and Y Combinator also contributed.
Legora wasn’t actively seeking funding, company founder and CEO Max Junestrand said in a statement. “The strength of our growth, product, and client partnerships naturally attracted this backing,” Junestrand said.
Mary O’Carroll, chief operating officer at Goodwin Procter, said in a statement the firm has been “very pleased with the initial results we have seen.”
“We look forward to continuous improvement in how our lawyers use Legora to deliver legal services and insights to clients,” O’Carroll added.
Legora has more than 250 customers across 20 countries, it said.
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