tech
Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
The announcement comes on the back of a bumper start to the week for European AI companies.
TL;DR
- Legora, a Swedish legaltech company, raised $550 million at a $5.55 billion valuation in a Series D round.
- The funding round was led by Accel, with significant participation from existing and new investors.
- This investment reflects a broader trend of increased funding for European AI startups.
- Legora plans to use the funds to accelerate its U.S. growth, including expanding talent, infrastructure, and physical presence.
- The company is opening new offices in Houston and Chicago and aims to grow its U.S. employee base to over 300 by the end of 2026.