Legora in talks to raise at a $10bn valuation, according to reports

Swedish legal AI startup Legora is in early talks to raise money at a valuation of at least $10bn, according to reports. If that number holds, it would be a sharp jump from the $5.6bn valuation the company got after its Series D in March.

The Financial Times reported the potential new valuation, and said the deal could mix fresh capital with secondaries. The discussions are still at an early stage, so there’s plenty of room for the structure — and the price — to change.

Legora is only two years old, but it has already built a sizeable business around a collaborative AI platform for lawyers. The product sits on top of large language models and is meant to help with the daily grind: research, reviewing and drafting legal documents.

The company’s growth has been fast by any normal standard. Over the past year and a half, it has gone from 40 people to 700 across 18 offices, including Stockholm, London, New York, Denver, Sydney and Bengaluru. Its platform now supports more than 1,500 enterprise customers in over 50 markets, with names such as Bird & Bird, Cleary Gottlieb, White & Case, Linklaters, Deloitte, Dentons and Goodwin among them.

Legora has also been buying companies this year as part of its expansion push. The startup declined to comment when reached by Sifted. CEO Max Junestrand is due to speak at Sifted Summit in London.