The legal AI company’s Series E, led by Atreides Management, will fund international growth and further development of its agentic platform.
Legora announced a $550 million Series E on October 21, valuing the legal technology company at $8.8 billion post-money. Atreides Management led the round. New participants include Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and JPMorgan; existing backers including Accel, Benchmark and General Catalyst also participated.
The financing follows a sharp increase in reported recurring revenue. Legora says it went from $1 million to $100 million in annual recurring revenue in less than 18 months, then added another $100 million in under six months. The company now reports more than $200 million in ARR. Its valuation compares with $5.6 billion at its previous round, according to Legora.
The company says it will use the proceeds to expand in the United States and internationally and invest further in Legora aOS, its platform for lawyers and AI agents. Planned additions include agentic intake, horizon scanning and legal research. Legora reports having more than 1,000 employees across 18 offices, with more than 140,000 legal professionals using its products at over 2,400 law firms and in-house legal teams across more than 80 markets.
The round adds fresh capital as legal software firms build tools that can carry out multi-step work rather than only answer questions or draft text. Legora says in-house legal departments accounted for more than 40% of its new customers in the third quarter, and that the United States has become its largest market by revenue. Those figures point to expansion beyond law firms, though the company has not disclosed how much of its reported revenue comes specifically from agent-based features.
For legal departments, the financing supports continued development of workflow tools in a field where accuracy and review remain important. The announcement does not set a timetable for the planned products or specify how the new funding will be divided among hiring, research and geographic expansion.