Legora, the Stockholm-based startup transforming legal operations through AI automation, has secured $80 million in funding led by ICONIQ and General Catalyst, boosting its valuation to $675 million. This latest investment brings Legora’s total capital raised to $120 million and reflects the rapid adoption of its AI-driven platform by legal teams worldwide.

Founded in 2023 by Max Junestrand, Sigge Labor, and August Erséus, Legora automates routine legal tasks such as contract review and research, helping law firms and corporate legal departments save time and reduce costs. The company’s platform integrates seamlessly with tools like Microsoft Word, iManage, and SharePoint, ensuring security and compliance while enhancing productivity.

Legora already supports over 250 firms globally, including Cleary Gottlieb and Bird & Bird, and operates in 20 countries. Its AI capabilities have slashed contract review times by up to 80% and reduced due diligence expenses by more than half.

CEO Max Junestrand emphasized the company’s commitment to close collaboration with clients, tailoring solutions to real-world workflows. “AI is a historic opportunity for legal professionals to leverage their expertise more efficiently,” he said.

With fresh capital, Legora plans to expand its team, deepen R&D in predictive litigation analytics, and broaden integrations with leading legal databases. Backers hail Legora as a category-defining force reshaping how legal teams work smarter and faster in a rapidly evolving market.

‍