Swedish startup Legora secures €70.6 million to scale collaborative AI platform for law firms

Swedish LegalTech Startup Legora Secures €70.6 Million to Advance Collaborative AI for Legal Teams

Legora, a LegalTech company based in Stockholm, has closed a €70.6 million Series B funding round, reaching a valuation of €596 million. This new investment will accelerate the development of their collaborative AI platform tailored for law firms and in-house legal teams.

The funding round was led by ICONIQ and General Catalyst, with participation from existing investors including Redpoint Ventures, Benchmark, and Y Combinator. Despite not actively seeking capital, Legora’s growth and client traction attracted significant interest from top-tier investors.

Deep Client Collaboration at the Core

Max Junestrand, CEO and founder, emphasized that the investment validates the value the platform delivers to legal professionals worldwide. He highlighted Legora’s commitment to working closely with clients throughout the product lifecycle—from initial interaction to full company-wide deployment.

Founded in 2023 by Max Junestrand and CTO Sigge Labor, Legora serves over 250 law firms and legal teams across 20 countries. With offices in New York, Stockholm, and London, the company employs 100 staff and has raised a total of €105 million to date.

A Platform Built for Legal Workflows

According to Seth Pierrepont, General Partner at ICONIQ, Legora’s platform fits seamlessly into legal workflows and adapts to the fast pace and nuanced demands of modern legal teams. Within two years, the startup has developed an enterprise-grade AI solution trusted by hundreds of firms globally.

Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst, noted Legora’s rapid adoption by leading firms and the founder’s strong product vision and execution. She expressed confidence in Legora’s ability to reshape how legal work is performed.

Client Impact and Use Cases

Legora’s AI assists lawyers in reviewing, drafting, and collaboration, improving efficiency and confidence in client responses. Firms such as Cleary Gottlieb, Goodwin, and Bird & Bird are among those leveraging the platform. Goodwin’s COO, Mary O’Carroll, praised Legora as a strategic technology investment that supports legal excellence and enhances service delivery.

The platform reportedly reduces tasks like data-room review from weeks to hours, maintaining accuracy while accelerating workflows. Junestrand pointed out that combining human expertise with AI leads to practical, scalable improvements for legal teams.

Looking Ahead

With this new funding, Legora plans to expand product development and innovation, ensuring their AI adapts to the evolving needs of legal professionals. The company aims to remain a partner to clients, helping legal teams work more effectively and confidently with AI.

For legal professionals interested in AI applications, exploring targeted AI training can provide valuable skills to complement tools like Legora. Resources such as Complete AI Training offer curated courses to build expertise in AI-driven workflows.