Companies · Legaltech

Legora, Inc.Winter 2024Active

DOVER · Stockholm County, Sweden · Legaltech · refined from filed group “Other Technology · founded 2023 · https://www.legora.com/

Diligence memoA one-page analyst read on Legora, Inc. — recommendation, valuation, rhythm, risks.
$671.7M
Total raised · real
3
Rounds
2.9×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Mar 09 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Legora, Inc. has raised $672M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the legaltech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 4 mo ago; this sector typically re-raises about every 5 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Legaltech

Legora, Inc. is one of 43 Legaltech companies tracked from DOVER, Stockholm County, Sweden, on record since 2023. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

The AI workspace for lawyers

Legora is an AI-powered workspace for law firms and legal professionals. Legora lets lawyers automate their repetitive tasks and access public sources and their own data on one single platform. Learn more at https://www.legora.com/

Artificial IntelligenceGenerative AILegalTechai/ml
Find Legora, Inc. online

As reported in public records reported — not modeled.

SE
Jurisdiction
Rule 506(b)
Reg D exemption
40
Investors (latest)
2023
Year incorporated
2026-03-09
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries C · 2025-05-19 Raised $80M (real) Modeled valuation $548M (est)$80M$548MSeries C2025Series D+ · 2025-10-28 Raised $150M (real) Modeled valuation $1.2B (est)$150M$1.2BSeries D+2025Growth/Late · 2026-03-09 Raised $442M (real) Modeled valuation $4.2B (est)$442M$4.2BGrowth/Late2026+$150M+$442MCumulative $672M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$79.8M · 2025
Series D+$150.4M · 2025
Growth/Late$441.5M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$4.2B
Base estimate est.
$3.4B
Conservative case
$4.6B
Upside case
$4.4B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the legaltech sector profile. Directional, not a quoted figure.

Series C · modeled $548.2M · 2025-05-192025Series D+ · modeled $1.2B · 2025-10-28Growth/Late · modeled $4.2B · 2026-03-092026
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
89%
Survival probability
77% low · 96% high
1.19×/yr
Annual markup
1.29×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
legaltech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$834.5M/yr
Capital velocity
1.1 yr
On record since
2025
First round
3
Rounds on file
How it compares to the market

Benchmarked against 43 companies in Legaltech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 44× above median
This company$671.7M
Sector median$15.1M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.0× above median
This company$441.5M
Sector median$441.5M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$4.2B
Sector median$345.2M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$79.8M2025-05-19$532.3M$548.2M90%
Series D+$150.4M2025-10-28$1.3B$1.2B90%
Growth/Late$441.5M2026-03-09$4.4B$4.2B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$79.8M2025-05-19
    • First recorded raise — entered as Series C.
    • 31 investors on this round.
  2. Series D+$150.4M2025-10-28
    • Raised 5 mo later, in step with the ~5 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 15 investors on this round.
  3. Growth/Late$441.5M2026-03-09
    • Raised 4 mo later, in step with the ~5 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 40 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~5mo cadence
$1.3B
Modeled next size est.range $842.8M$2.1B
2.9×
Last step-up
$834.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Chetan Puttagunta11 other2025-05
Jacob Effron2025-05
Max Junestrand2025-05
Sigge Labor2025-05
Registry & provenance

Legora, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
SE
Jurisdiction
2071663
SEC CIK
2023
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Atrium Legal Technology Services Inc.LegaltechSeries C$70.4M$1.5Bsame sector
Reltio, Inc.Other TechnologySeries D+$213.4M$2.7Bnetwork1 shared operator
Canopy Tax, Inc.Business ServicesSeries C$155.9M$262.1Mnetwork1 shared operator
Heap Inc.SaaS / SoftwareSeries D+$148.7M$2.8Bnetwork1 shared operator
Ironclad, Inc.LegaltechSeries B$22.8M$530.8Msame sector
Sitetracker, Inc.OtherSeries C$121.5M$763.9Mnetwork1 shared operator
Huge Legal Technology Company, Inc.LegaltechSeries A$7.5M$159.6Msame sector
Placester, Inc.Other TechnologySeries C$93.5M$1.6Bnetwork1 shared operator
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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Lexi
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Dioptra, Inc.
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LegaltechPre-Seed$6.5M79%
Mage Legal
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Abel
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Tower
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Draftwise
Contract and negotiation AI built for lawyers
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Frequently asked
How much funding has Legora, Inc. raised?
Legora, Inc. has raised approximately $671.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Legora, Inc.'s estimated valuation?
Provath's modeled valuation for Legora, Inc. is approximately $4.2B (modeled range $3.4B–$4.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Legora, Inc. at?
Legora, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Mar 09.
What does Legora, Inc. do and where is it based?
Legora, Inc. operates in the Legaltech sector, based in DOVER, Stockholm County, Sweden. The AI workspace for lawyers
Explore related

See where Legora, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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