Legora fetches $8.8bn valuation in latest funding round

Legal tech firm Legora has raised $550m (£410m) in Series E funding at an $8.8bn valuation as it expands its footprint in the US, Europe, and the Asia-Pacific region. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, said on Wednesday the funding comes at an $8.8bn post-money valuation. The firm said the funding will support continued expansion in North America, where Legora has offices in New York, Denver, Chicago, Houston, San Francisco, Toronto and Mexico City, as well as in its markets across Europe and Asia-Pacific. The opportunity in legal is enormous and we are still early. AI is changing the role of the lawyer, with more time for judgement and advice, and it is reshaping how law firms and in-house legal teams are organised and how their work gets done, Legora chief executive and co-founder, Max Junestrand, said. We intend to lead that shift in the US and