The key facts
- Legora raised $550 million in Series E at an $8.8 billion valuation (up from $5.6 billion in April)
- ARR grew from $100 million to more than $200 million
- The round was led by Atreides Management; investors include Baron Capital, Bessemer, General Catalyst, Menlo
A major round for Legora
Legal AI startup Legora announced on Wednesday, October 21, 2026, that it raised $550 million in a Series E round valuing the company at $8.8 billion. Legora develops tools for automating and supporting lawyers' work tasks — an industry that, according to the company, is moving from AI assistants to AI services that help get the work done.
Revenue growth and previous rounds
In April, Legora announced an extension of its Series D round by $50 million on top of a $550 million round, when the valuation was $5.6 billion and annual recurring revenue (ARR) was $100 million. Now, according to the company, ARR has exceeded $200 million.
Competition with Harvey
The news came a month after Legora's main competitor, the startup Harvey, announced it had also raised $550 million, but at a $15.5 billion valuation. In March, Harvey reported that its ARR exceeded $200 million.
Investors and plans
The round was led by Atreides Management; participants include Baron Capital, Bessemer Venture Partners, General Catalyst, Menlo and other investors. Legora plans to use the fresh capital for further expansion in North America.
