Swedish legal tech Legora has raised $550 million in a Series D round valued at $5.55 billion, the company announced on Tuesday, the company announced Tuesday, as investors raise money in European AI startups.
Accel led the round with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, Iconic, Redpoint Ventures and Y Combinator.
New investors included Alkyon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital and Starwood Capital.
Legora’s Series D is its third raise in the past year.
The announcement comes on the back of a bumper start to the week for European AI companies.
UK-based AI infrastructure Nscale said Monday it raised a $2 billion Series C, and on Tuesday former Meta AI chief Yann LeCun’s new AI startup Advanced Machine Intelligence Labs announced it had raised more than $1 billion. UK autonomous driving startup Wave hit a valuation of $8.6 billion after raising a $1.2 billion Series D in February.
According to dealaccounting platform Dealroom, record funds were plowed into European AI startups with $21.7 billion invested in 2025. In just two months in 2026, AI startups in the region have raised more than $9 billion.
“Over the past year, the pace of adoption in the US has exceeded our expectations, as leading organizations and internal teams move decisively from experimentation to embedding AI across their organizations,” Max Junestrand, CEO and cofounder of Legora, said in a statement.
“This funding will enable us to accelerate our US growth – investing in talent and infrastructure, strengthening our presence in key markets, and ensuring we can support customers on the ground as they integrate AI into their core workflows.”
Legora is expanding its footprint in the US with new offices in Houston and Chicago in addition to its existing presence in New York and Denver. It said the company expects to open additional local hubs and grow to more than 300 employees in its US offices by the end of 2026.
