In Brief Posted: 11:51 AM PDT · October 21, 2026
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Legal‑tech company Legora announced on Wednesday that it has closed a $550 million Series E financing round, bringing its valuation to $8.8 billion. The startup provides automation tools and workflow assistance for lawyers, positioning itself as a provider of AI services that go beyond simple assistants to help legal professionals complete tasks more efficiently.
The fundraising comes just a month after Legora’s chief rival, Harvey, secured a $550 million round that valued it at $15.5 billion; Harvey also reported annual recurring revenue (ARR) of more than $200 million in March.
Legora’s Series E follows an April announcement that extended its earlier $550 million Series D round with an additional $50 million, which had valued the company at $5.6 billion. At that time, Legora said its ARR had reached $100 million. The company now reports ARR of over $200 million.
The round was led by Atreides Management and included participation from Baron Capital, Bessemer Venture Partners, General Catalyst, Menlo and other prominent investors. Legora said the new capital will be used to broaden its presence across North America.
Topics: In Brief, law, startups, venture.