Legal AI Startup Legora Closes $600M Series D at $5.6B Valuation With Nvidia and Atlassian

Overview

Swedish legal AI startup Legora closed its Series D at $600M total — a $50M extension to the initial $550M raise — reaching a $5.6B post-money valuation. The round marks Nvidia NVentures' first-ever investment in legal AI, alongside Atlassian, Adams Street Partners, and Insight Partners.

Growth Metrics

ARR: Crossed $100M between the two tranche closings

Customers: 1,000+ law firms and in-house legal teams across 50 markets

Round structure: $550M initial close + $50M extension = $600M total

Competitive Landscape

The raise positions Legora as the primary rival to Harvey, valued at $11B. Legora's $100M ARR milestone sets a high benchmark for legal AI and signals that the vertical AI market for legal work is maturing rapidly. Both companies are now considered likely IPO candidates.

Source: TechCrunch