Legora Raises $550 Million at an $8.8 Billion Post-Money Valuation
Photo: TokenPost
Legora raised $550 million in a Series E announced Oct. 21, putting the legal AI company at an $8.8 billion post-money valuation as it plans to expand in the United States and other markets. Atreides Management led the financing. Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and J.P Morgan joined as new investors. Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Insight Venture Partners, Menlo Ventures, Redpoint Ventures, Salesforce Ventures and Sands Capital also participated. Legora’s annual recurring revenue (ARR) exceeded $200 million by Oct. 21.
Source: TokenPost
