Swedish legal AI startup Legora has raised $550m in a Series E funding round at an $8.8bn valuation, as it looks to accelerate its expansion in the US and other international markets. The round was led by Duro and General Catalyst, with participation from Balderton Capital, which previously invested in the company. CEO Alex Xu said the funding will be used to scale operations and expand the product's capabilities in the legal tech space.
The company has grown rapidly, with over 7,523 enterprise customers and a 51% increase in headcount since its last funding round. Legora plans to hire aggressively across engineering, sales, and customer success teams to support its global expansion strategy.
Source: Sifted · Summarized by HeadlinesBriefing