Company · Agents & apps
Legora revenue, valuation & funding
Legora was valued at $8.8B post-money in its Series E in October 2026, and it said that month its annual recurring revenue had passed $200M. It's a private company with no stated IPO plan.
At a glance
- Valuation: $8.8B post-money at its Series E, led by Atreides Management, in October 2026.
- Revenue: more than $200M in annual recurring revenue in October 2026, the company said. It publishes no audited results.
- Status: private. No stock ticker and no stated IPO plan.
- Founded: 2023 in Stockholm, by Max Junestrand, Sigge Labor and August Erséus, first under the name Leya.
- CEO: Max Junestrand.
- Investors: Atreides Management, Accel, Benchmark, Bessemer, General Catalyst, ICONIQ and Fidelity, among others.
- Products: Legora aOS, which it calls an agentic operating system for lawyers, with Workflows, Tabular Review and Portal.
- Employees: more than 1,000 across 18 offices in October 2026.
- On Real Alpha: 14 moments of its people talking, from 2 interviews.
Is Legora public? Can you buy its stock?
No. Legora is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. Wikipedia lists it as private.
No IPO plan or timing has been reported, and no filing has been made. In August 2026 the Financial Times reported early talks to raise money at a $10B valuation (City AM). Dealroom reported that those talks could include secondary share sales as well as new capital. The round Legora announced in October 2026 was a $550M Series E at an $8.8B valuation (Legora).
Its shares are held by its founders, staff and investors. This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from $675M in May 2025 to $8.8B in October 2026, about thirteen times in under a year and a half.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Oct 2026 | $8.8B | $550M | Atreides Management | Legora's blog |
| Aug 2026 | $10B | In talks | — | City AM |
| Apr 2026 | $5.6B | $50M | — | TechCrunch |
| Mar 2026 | $5.55B | $550M | Accel | Legora's newsroom |
| Oct 2025 | $1.8B | $150M | Bessemer Venture Partners | Business Wire |
| May 2025 | $675M | $80M | ICONIQ and General Catalyst | Business Wire |
The Financial Times reported talks at a $10B valuation in August 2026, and the round announced in October came in at $8.8B. A $25M Series A in July 2024 and a $10.5M seed round backed by Benchmark appear only on Sacra and aren't confirmed.
Revenue
Legora doesn't publish results. It said its ARR reached $100M in April 2026 and passed $200M by October 2026, taking less than six months to add the second $100M.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Oct 2026 | $200M+ | Company | Legora's blog |
| Apr 2026 | $100M | Reported | TechCrunch |
| Dec 2025 | $50M | Estimate | Sacra |
ARR is a yearly run rate, a month's revenue times twelve, and not audited revenue. The end of 2025 figure is a Sacra estimate.
How Legora makes money
Legora sells subscriptions to law firms and corporate legal departments, a B2B software model as Sacra describes it.
- Per-seat pricing, for now. Contrary Research reports that Max Junestrand said Legora intends to move to consumption-based and then outcome-based pricing. Contrary Research
- Contract size. Sacra estimates the average annual contract at roughly $95,000, blended across law firm and in-house customers. Sacra
- In-house teams. They made up more than 40% of new customers in the third quarter of 2026, the company said. Legora's blog
- The US. It is Legora's largest market by revenue, and more than half of the AmLaw 50 are customers. Legora's blog
- Margins. CFO David Eckstein said in October 2026 that it aims for healthy gross margins, high retention and a cost structure that gets stronger with scale. No profit or loss figure was given. Legora's blog
From Legora's interviews
- 29:04 Legora won pilots by letting customers keep what they builtMax Junestrand · Uncapped · Mar 2026
- 14:01 Focusing on three use cases helped Legora double revenueMax Junestrand · Uncapped · Mar 2026
- 14:12 Law firms need incentives to turn expertise into durable assetsJacob Lauritzen · Latent Space · Nov 2026
Products
Legora launched its platform in October 2024 (Legora). It changed its name from Leya to Legora in February 2025, according to Wikipedia.
- Legora aOS. The company calls it the agentic operating system for legal professionals. It is putting its Series E money into it. Legora's blog
- Workflows (June 2025). An orchestration layer that connects its other modules using natural language instructions. Sacra
- Portal (November 2025). Lets law firms deliver their expertise to in-house legal teams through custom AI workflows. The Next Web
- Tabular Review. Extracts answers across thousands of contracts into a spreadsheet, with citations back to the source documents.
- Walter AI (March 12, 2026). A Canadian startup building agentic legal workflows, bought days after the Series D. The Next Web
- Qura (April 23, 2026). A Stockholm-based AI-native legal research platform. ABA Journal
- Wexler (announced July 29, 2026). A London-based fact intelligence platform, its fifth acquisition of 2026. Legora's newsroom
From Legora's interviews
- 34:25 Tabular Review lets lawyers test a workflow on ten rows firstJacob Lauritzen · Latent Space · Nov 2026
- 8:39 Legora tests agents in simulated legal workspacesJacob Lauritzen · Latent Space · Nov 2026
- 58:13 Long contracts can lose meaning when split into chunksJacob Lauritzen · Latent Space · Nov 2026
- 47:22 Legora delayed APIs to avoid locking in a fast-changing productJacob Lauritzen · Latent Space · Nov 2026
Customers
Legora said in October 2026 that more than 140,000 legal professionals use it, at more than 2,400 law firms and in-house legal teams (Legora).
In July 2026 it reported more than 100,000 lawyers at 1,500 firms and legal teams, across over 50 markets (Legora). At its Series D in March 2026, it counted 800 customers (Legora).
- Named customers. Bird & Bird, Cleary Gottlieb, White & Case, Linklaters, Deloitte, Dentons and Goodwin. Legora's blog
- Fieldfisher said in November 2026 it is rolling Legora out to around 1,400 lawyers and business services staff, after a six-week pilot with 137 users. Legora's newsroom
- Kirkland & Ellis said in May 2026 it was partnering with Legora, while spending $500m on its own custom-built AI platform. City AM
From Legora's interviews
- 33:54 Legora proved US demand from Stockholm before opening locallyMax Junestrand · Uncapped · Mar 2026
- 26:13 Client confidentiality forces Legora to infer product failuresJacob Lauritzen · Latent Space · Nov 2026
- 6:27 One law firm's AI advantage can push its peers to adoptChetan Puttagunta · Uncapped · Mar 2026
- 22:52 Legora uses customer evals to decide when a legal task is solvedMax Junestrand · Uncapped · Mar 2026
Leadership
Legora grew from 40 to 400 team members in the year before its March 2026 Series D (Legora). By October 2026 it had more than 1,000 employees across 18 offices (Legora).
- Max Junestrand, co-founder and CEO. He worked at McKinsey and Ericsson before Legora. Legora's blog
- Jacob Lauritzen, CTO. He leads engineering, building legal agents for research, contract review and drafting.
- Sigge Labor, co-founder, described by Contrary Research as president and former CTO. Contrary Research
- August Erséus, co-founder. Contrary Research
- David Eckstein, CFO since January 2026. He came from Vanta. Contrary Research
From Legora's interviews
- 18:03 Legora expects executives to scale as the company changesMax Junestrand · Uncapped · Mar 2026
- 10:41 Legora kept engineers at the center of product developmentMax Junestrand · Uncapped · Mar 2026
- 50:12 Legora grew beyond its plan to stay at 20 engineersJacob Lauritzen · Latent Space · Nov 2026
- 42:33 Legal engineers configure workflows while FDEs write codeJacob Lauritzen · Latent Space · Nov 2026
Who owns Legora?
Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed.
- Atreides Management led the $550M Series E in October 2026. Legora's blog
- Baron Capital, Capital Group, Fidelity, Glade Brook and J.P. Morgan joined as new investors in the Series E. Accel, Benchmark, Bessemer, General Catalyst and ICONIQ also took part. Legora's blog
- Accel led the $550M Series D in March 2026. Legora's newsroom
- Atlassian, NVentures (Nvidia's venture arm), Airtree, Barclays, Geodesic, Insight, Liberty Global and Nikesh Arora joined in the April 2026 Series D extension. Sacra
- Bessemer Venture Partners led the $150M Series C in October 2025. Business Wire
- ICONIQ and General Catalyst led the $80M Series B in May 2025. Business Wire
- Benchmark backed a $10.5M seed round, according to Sacra, though no primary report confirms that round. Sacra
Competitors
The Next Web describes Harvey and Legora as the two dominant platforms for large law firms.
- Harvey, which TechCrunch calls Legora's biggest competitor. Harvey announced a $550M raise at a $15.5B valuation in September 2026. TechCrunch
- Spellbook and Robin AI, venture-backed contract tools named by Sacra. Sacra
- Thomson Reuters and LexisNexis, incumbents Sacra also names. Sacra
Timeline and latest news
From its founding to the latest reports, newest first.
- Nov 5, 2026Latest
Fieldfisher said it is rolling out Legora to around 1,400 staff after a six-week pilot. Legora's newsroom - Oct 21, 2026Latest
Raised a $550M Series E at an $8.8B post-money valuation, led by Atreides Management. Legora's blog - Oct 21, 2026Latest
Said its annual recurring revenue had passed $200M. Legora's blog - Aug 13, 2026
The Financial Times reported early talks to raise at a $10B valuation. City AM - Jul 29, 2026
Announced it is acquiring Wexler of London, its fifth acquisition of 2026. Legora's newsroom - Apr 23, 2026
Acquired Qura, a Stockholm-based AI-native legal research platform. ABA Journal - Apr 2026
Said its annual recurring revenue had reached $100M. TechCrunch - Mar 12, 2026
Acquired Walter AI, a Canadian startup building agentic legal workflows. The Next Web - Mar 10, 2026
Raised a $550M Series D at a $5.55B valuation, led by Accel. Legora's newsroom - Oct 30, 2025
Raised a $150M Series C at a $1.8B valuation, led by Bessemer Venture Partners. Business Wire - May 21, 2025
Raised an $80M Series B at a $675M valuation, led by ICONIQ and General Catalyst. Business Wire - Oct 2024
Launched its platform. Legora's blog
In their own words, and what followed
What people said about the business, with the minute they said it, and what was reported after.
Max Junestrand on Uncapped · Mar 12, 2026
“my rule was, if we can serve two of the biggest clients in the world”
33:54 Legora proved US demand from Stockholm before opening locally
Reported after
In October 2026 Legora said the US had become its largest market by revenue, with more than half of the AmLaw 50 as customers. Legora's blog
Max Junestrand on Uncapped · Mar 12, 2026
“So we went from like 1.5 to 4.”
14:01 Focusing on three use cases helped Legora double revenue
Reported after
In October 2026 Legora said its ARR had passed $200M, less than six months after it passed $100M. Legora's blog
Max Junestrand on Uncapped · Mar 12, 2026
“if you've invested time in building up a workflow that like works for you, why would you want to switch?”
29:04 Legora won pilots by letting customers keep what they built
Reported after
In November 2026 Fieldfisher said it is rolling Legora out to around 1,400 people after a six-week pilot with 137 users. Legora's newsroom
What others say about Legora
Moments where people outside the company talk about it.
Erik Bernhardsson · 20VC · Nov 2, 2026
“And then you have Legora who say,”
46:57 Model ownership matters for some workflows, not all 3 min
Questions people ask
Is Legora a public company? Can I buy Legora stock?
No. Legora is private and has no ticker, so its shares aren't sold on any exchange. It hasn't announced an IPO plan.
When will Legora IPO?
No IPO date or plan has been reported, and Legora hasn't filed. Funding talks reported in August 2026 could include secondary share sales.
Who owns Legora?
Its founders, staff and investors, including Atreides Management, Accel, Benchmark, Bessemer, General Catalyst and ICONIQ. Stakes haven't been disclosed.
Who is the CEO of Legora?
Max Junestrand, who co-founded Legora in 2023 after stints at McKinsey and Ericsson. 18:03
Who founded Legora?
Max Junestrand, Sigge Labor and August Erséus, in Stockholm in 2023. It was first called Leya.
How much is Legora worth?
$8.8B post-money, set by its $550M Series E in October 2026 (Legora). Its previous round valued it at $5.6B.
How much revenue does Legora make?
More than $200M in annual recurring revenue in October 2026, the company said (Legora). It had reached $100M in April 2026. 14:01
Is Legora profitable?
It hasn't published a profit or loss figure. CFO David Eckstein said in October 2026 that it aims for healthy gross margins and high retention (Legora).
How does Legora make money?
It sells subscriptions to law firms and in-house legal teams. Sacra estimates the average annual contract at roughly $95,000. 29:04
How many people use Legora?
More than 140,000 legal professionals at more than 2,400 law firms and in-house legal teams, the company said in October 2026 (Legora).
Every moment from Legora's people
14 moments from 2 interviews on 2 shows, newest first. Each one plays from the minute it starts.
Latent Space · Nov 2, 2026 · 8 moments
Building Legal Agents When You Can't See the Data — Jacob Lauritzen, CTO of Legora
- 8:39 Legora tests agents in simulated legal workspaces 3 min
- 26:13 Client confidentiality forces Legora to infer product failures 3 min
- 34:25 Tabular Review lets lawyers test a workflow on ten rows first 4 min
- 14:12 Law firms need incentives to turn expertise into durable assets 3 min
- 42:33 Legal engineers configure workflows while FDEs write code 4 min
- 47:22 Legora delayed APIs to avoid locking in a fast-changing product 3 min
- 50:12 Legora grew beyond its plan to stay at 20 engineers 3 min
- 58:13 Long contracts can lose meaning when split into chunks 2 min
Uncapped · Mar 12, 2026 · 6 moments
Building an AI-Native Software Company With Legora CEO Max Junestrand | Ep. 44
- 14:01 Focusing on three use cases helped Legora double revenue 4 min
- 22:52 Legora uses customer evals to decide when a legal task is solved 5 min
- 29:04 Legora won pilots by letting customers keep what they built 3 min
- 18:03 Legora expects executives to scale as the company changes 4 min
- 33:54 Legora proved US demand from Stockholm before opening locally 6 min
- 10:41 Legora kept engineers at the center of product development 3 min
People on Real Alpha
- Max Junestrand, Co-founder & CEO, Legora · 6 moments
- Jacob Lauritzen, CTO, Legora · 8 moments
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 8, 2026