About Legora
Legora builds the Legora aOS, an agentic operating system for legal work that lawyers and legal teams use for research, document review and drafting. Its tools include an Agent that plans and carries out multi-step legal tasks and a Legal Research module built on a proprietary ontology of legal sources. It also offers Tabular Review, Monitors for regulatory change, and add-ins for Microsoft Word and Outlook.
Legora started in 2023 and introduced its platform in October 2024. It has offices in New York, Stockholm, Denver, Chicago, Houston, San Francisco, Toronto and Mexico City. More than 130,000 lawyers at over 2,000 law firms and in-house teams rely on it in more than 80 countries. Vanderbilt University is a founding member of the company's Legal AI Scholars Program. Max Junestrand, the company's co-founder, is chief executive officer.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Nov 4, 2026 | $220,820,026of $550.0M target | 44 | $5.0M | EquityRule 506(b) | Form D ↗ |
| Mar 9, 2026 | Mar 24, 2026 | $441,525,860of $600.0M target | 40 | $11.0M | EquityRule 506(b) | Form D ↗ |
| Oct 28, 2025 | Nov 13, 2025 | $150,352,281fully sold | 15 | $10.0M | EquityRule 506(b) | Form D ↗ |
| May 19, 2025 | Jul 1, 2025 | $79,849,626of $79.9M target | 31 | $2.5M | EquityRule 506(b) | Form D ↗ |
| Total, four offerings | $892,547,793 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Legora
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Oct 21, 2026 | Series E | $550 million | Atreides Management (lead), New investors Baron Capital and Capital Group joined, along with Fidelity Management & Research Company, plus Glade Brook Capital Partners and J.P. Morgan. Existing investors Accel and Benchmark returned, along with Bessemer Venture Partners, General Catalyst, ICONIQ, and Insight Venture Partners, plus Menlo Ventures and Redpoint Ventures, as well as Salesforce Ventures and Sands Capital. | Legora announcement ↗ Reuters ↗ |
| Mar 10, 2026 | Series D | $550 million | Reuters ↗ |
Why Investors Backed Legora
Legora, Inc. sells an agentic AI operating system that helps lawyers and legal teams research, review and draft legal work. The company raised $550 million in a Series E led by Atreides Management in October 2026, valuing it at $8.8 billion. That round came seven months after a $550 million Series D valued the company at about $5.6 billion. Investors are backing a company that has grown to $200 million in annual recurring revenue less than two years after launch.
The problem it targets
In the United States alone, there are more than 60 million legal documents. Legora's case is that no general-purpose AI model can track all of them or see how they connect. It argues that research built only on a search index returns fragments rather than the full picture of the law.
Progress so far
In under 18 months, Legora's annual recurring revenue grew from $1 million to $100 million, and the next $100 million came in under six months, pushing revenue above $200 million. A study with legal analyst Ari Kaplan covered 30 customers across nine countries. In that study, 70% said they respond to stakeholders faster, 50% said they feel more confident in their work, and 60% said they accomplish more during the same amount of time. The United States is now Legora's largest market. It opened its first US office in spring 2025. More than half of the AmLaw 50 use its product.
Who backs it
Atreides Management led the October 2026 Series E. New investors joined, including Baron Capital and Capital Group, along with Fidelity Management & Research Company, plus Glade Brook Capital Partners and J.P. Morgan. Accel and Benchmark returned, along with Bessemer Venture Partners, General Catalyst, ICONIQ, and Insight Venture Partners, plus Menlo Ventures and Redpoint Ventures, as well as Salesforce Ventures and Sands Capital. Gavin Baker, managing partner and chief investment officer at Atreides, says law firms and in-house teams now adopt Legora and then expand its use across their organizations. He says the company has kept its growth efficient along the way.
How the market is moving
Legora's case is that legal work is shifting from AI assistants to agents that complete multi-step tasks on their own. Its product range and office locations are expanding to match that shift. In-house legal teams were a small share of customers a year earlier. In the third quarter of 2026, they accounted for over 40% of new customers.
We wrote this summary from public statements by Legora and its investors. It is not investment advice.
Legora in the News
Leadership Team
Executive officers and directors listed on Legora's Form D filed Nov 4, 2026.
