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Exits and Failures

Legora valuation reaches 8 point 8 billion dollars after funding

Legal AI startup Legora has reached an 8.8 billion dollar valuation after securing 550 million dollars in Series E funding, as European tech investment activity rebounds.

FTMQ Startups, written by our newsroom0 views

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Picture: Tech.eu

Legal IT Insider, Tech Funding News, SiliconANGLE, and Konsulteer reported that legal AI platform Legora has raised 550 million dollars in a Series E funding round. Tech.eu, Legal IT Insider, BusinessCloud, Tech Funding News, SiliconANGLE, and Konsulteer all reported that the round values the company at 8.8 billion dollars. The investment comes alongside a broader rebound in European tech funding, with Tech.eu tracking over 65 funding deals valued at more than 1.5 billion euros across Europe in a single week. [1][2][3][4][5][6]

Tech Funding News and Konsulteer noted that the new capital injection comes as competition intensifies between Legora and competing legal AI startups such as Harvey. BusinessCloud added that the valuation milestone comes just months after Legora completed an acquisition in London. [3][4][6]

As FTMQ Startups reported earlier, Atreides Management led the 550 million dollar Series E round. The investment also drew participation from new backers including Baron Capital, Capital Group, and Fidelity. Legora was founded in 2023 under the name Leya by Max Junestrand, Sigge Labor, and August Erséus to develop software that automates repetitive tasks for legal professionals. [8][10]

As FTMQ Startups reported earlier, Legora plans to allocate the fresh capital toward global expansion and software development. [10]

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In short

  • Legora raised 550 million dollars in a Series E funding round.
  • The round valued Legora at 8.8 billion dollars.
  • Tech.eu tracked over 65 funding deals worth more than 1.5 billion euros in Europe in one week.
  • Legora was founded in 2023 by Max Junestrand, Sigge Labor, and August Erséus under the initial name Leya.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Legora’s valuation leaps to $8.8B, Europe's tech funding rebounds, and solving the problem of brain fogTech.eu, 10h ago (the report this story comes from)
  2. [2]Legora raises $550m Series E at $8.8bn valuationLegal IT Insider, 2d ago
  3. [3]Legora hits $8.8bn valuation months after London acquisitionBusinessCloud, 1d ago
  4. [4]Legora raises $550M funding at $8.8B valuation as legal AI battle with Harvey intensifiesTech Funding News, 1d ago
  5. [5]Legal AI startup Legora raises $550M at $8.8B to change the face of the lawSiliconANGLE, 2d ago
  6. [6]Legora Raises $550M Series E at $8.8B Valuation as Legal AI Race IntensifiesKonsulteer, 1d ago

Background

  1. [7]List of unicorn startup companies on Wikipedia
  2. [8]Legora on Grokipedia
  3. [9]Europe on Grokipedia
  4. [10]Legora secures 550 million dollars in Series E at 8 point 8 billion valuation FTMQ Startups, 2d ago

Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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Earlier reports of ours on the same people and subjects.

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