Legora Funding News- Swedish LegalTech startup Legora Raises €70.6Mn In Series B Round

The round was led by ICONIQ and General Catalyst, with continued backing from existing investors Redpoint Ventures, Benchmark, and Y Combinator.

Max Junestrand, CEO and Founder of Legora said: “The investment is a clear validation of the value our product is delivering to lawyers around the world. While we weren’t actively seeking funding, the strength of our growth, product, and client partnerships naturally attracted this backing, and I am ecstatic to have ICONIQ and General Catalyst with us on the journey as Seth and Jeannette join our board.

“This enables us to double down on what’s always set Legora apart – deep collaboration with our clients – and to scale innovation and accelerate product development, ensuring we leverage rapidly changing technology to meet the needs of the legal profession. We’re committed to building a product that not only solves today’s challenges but continues to adapt and deliver long-term value.”

Legora Co-founded by CEO Max Junestrand and CTO Sigge Labor, the company has offices in New York, Stockholm, and London, with a team of 100 employees. So far, Legora has raised a total of €105 million in funding.

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Seth Pierrepont, General Partner at ICONIQ commented: “From our first conversation with Max and Sigge, it was immediately evident to us that they are building with rare clarity and velocity, creating a platform that doesn’t just fit into legal workflows – it elevates them, and understands the nuance and pace of modern legal teams.

“In just two years, they’ve delivered an enterprise-grade product that’s already trusted by hundreds of law firms and in-house legal teams globally. We’re proud to partner with Legora as they scale what we believe is a category-defining platform that’s reshaping how legal work gets done.”

Legora works with clients like Cleary Gottlieb, Goodwin, and Bird & Bird, helping lawyers use AI to review, draft, and work more efficiently.

Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst added: “Legora is driving AI transformations in a highly specialised industry. With an outstanding product, rapid adoption by top-tier firms, and a Founder who combines rare product instinct with exceptional execution, as we see it, Legora is redefining how legal work gets done. We’re excited to support Max and the team as they scale this category-defining platform.”

Legora credits its success to a collaborative approach in building and integrating its AI. The company sees itself not just as a platform, but as a partner—supporting clients from the first meeting through full rollout and ongoing use.

Its AI is already being used for critical legal tasks, helping teams tackle key issues in hours instead of days. This leads to faster, more confident client responses and fewer write-offs.

Mary O’Carroll, Goodwin’s Chief Operating Officer commented: “Legora represents exactly the kind of strategic technology investment that keeps Goodwin at the forefront of legal excellence. We’ve been very pleased with the initial results we have seen since partnering with them in March, and we look forward to continuous improvement in how our lawyers use Legora to deliver legal services and insights to clients.”

Junestrand added: “AI, simply put, is a historic opportunity for legal professionals to get real leverage on their expertise and know-how. We have observed tasks such as reviewing data-rooms go from weeks to hours with no loss in accuracy – making human-machine intelligence and collaboration the de facto way of working. Both law firms and legal teams are already reaping the benefits of these advancements at scale.”

About Legora

Founded in 2023, Legora calls itself the world’s first truly collaborative AI platform for lawyers. It now serves over 250 law firms and in-house legal teams across 20 countries.