Legora raises USD $50 million more in Series D extension

Legora has raised a further USD $50 million through an extension of its Series D funding round, bringing Atlassian and NVentures in as investors.

The extension lifts total Series D financing to USD $600 million and values the legal artificial intelligence company at USD $5.6 billion post-money. Airtree joined the extension alongside other financial investors including Adams Street Partners, Barclays, Geodesic Capital, Insight Partners, Liberty Global and Nikesh Arora.

The funding follows a year of expansion. Legora said it has passed USD $100 million in annual recurring revenue, increased headcount from 40 to 400 employees over the past year, and grown its customer base from 200 organisations to more than 1,000 across more than 50 markets.

Its users include tens of thousands of legal professionals in corporate legal teams and law firms. In Australia, customers include MinterEllison, Allens, HSFK Australia and K&L Gates Australia.

Growth push

Corporate legal departments have become one of Legora's fastest-growing customer segments, with in-house teams adopting the same tools already used by outside counsel. Across customer deployments, surveyed law firms reported an average saving of 4.3 non-billable hours per lawyer each week, while 42% said they had won new work directly as a result of using the software.

Legora described a shift in software from software as a service to agent as a service, as artificial intelligence systems move from assisting users to carrying out tasks through access to tools and workflows. In legal work, this involves moving beyond single use cases towards systems that combine firm data, jurisdictional knowledge and intelligent agents.

Investor view

Sarah Hughes, Head of Corporate Development and Product Partnerships at Atlassian, said: "As a leader in Legal AI, Legora is showing how deeply integrated, context-aware AI can transform complex workflows. We see strong alignment with Atlassian's vision for AI-powered team collaboration and look forward to supporting their continued expansion."

Legora is part of a group of specialist software companies targeting the legal sector with artificial intelligence tools for research, document review and drafting. Its latest valuation places it among the more highly valued private companies focused on legal technology, as investors continue to back software groups that can show fast revenue growth and broader adoption in professional services.

Market shift

Chief Executive Officer and Co-Founder Max Junestrand said the market was moving into a new stage.

"Enterprise AI is now entering a new phase. Foundation models are improving rapidly, but the real breakthrough is in how they're applied, where AI doesn't just assist, but executes autonomously with the right level of human oversight. With the support of our investors and customers, we're building a full agentic operating system for legal work," said Max Junestrand, Chief Executive Officer and Co-Founder, Legora.