---
title: "Legora revenue and valuation"
description: "Legora's ARR is estimated at $151M–$230M, last reported at $200M. Valued at $8.8B after raising $1.42B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/legora.md
canonical_url: https://www.tryspecter.com/revenue-valuation/legora
publisher: Specter
last_updated: 2026-11-01
---

# Legora revenue and valuation

Specter estimates Legora's annual revenue at $151M to $230M and its valuation at $7.32B to $10.6B. The company last reported $200M ARR in September 2026 and was priced at $8.8B in October 2026.

Legora is a collaborative AI platform for lawyers to enhance efficiency in legal tasks.

- Estimated revenue: $151M to $230M (October 2026)
- Estimated valuation: $7.32B to $10.6B (October 2026)
- Last reported ARR: $200M (September 2026)
- Total funding: $1.42B
- Founded: 2023
- Headquarters: Stockholm, Sweden
- Employees: 980
- Sector: Legal AI
- Specter Rank: #2,653

## Legora revenue

Legora grew from $23M ARR in November 2025 to $200M in September 2026. Specter's model puts current ARR between $151M and $230M, anchored to four reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $200M ARR | September 2026 | [Last week, Legora reached $200 million in annual recurring revenue.](https://www.linkedin.com/posts/davidneckstein_last-week-legora-reached-200-million-in-activity-7508141507162378240-5pKX) (linkedin.com) |
| $150M ARR | June 2026 | [Legora on the hunt for new capital – wants to double its valuation in four months](https://www.breakit.se/artikel/47059/legora-pa-jakt-efter-nya-pengar-vill-dubbla-varderingen-pa-fyra-manader) (breakit.se) |
| $100M ARR | April 2026 | [Yesterday, we experienced something truly extraordinary.](https://www.linkedin.com/posts/davidneckstein_yesterday-we-experienced-something-truly-activity-7445190894032474112-WJji) (linkedin.com) |
| $23M ARR | November 2025 | [This post is a *basic* attempt to untangle some of the numbers around the biggest VC-backed legal AI companies. Corrections welcome.](https://www.linkedin.com/posts/johnstongraeme_anthropics-claude-for-enterprise-is-now-activity-7390343836121649153-PCYo) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $185M | $151M | $230M |
| September 2026 | $173M | $144M | $210M |
| August 2026 | $154M | $123M | $193M |
| July 2026 | $137M | $113M | $168M |
| June 2026 | $122M | $102M | $147M |
| May 2026 | $111M | $90M | $136M |
| April 2026 | $100M | $83M | $120M |
| March 2026 | $75M | $53M | $105M |
| February 2026 | $56M | $42M | $73M |
| January 2026 | $41M | $32M | $54M |
| December 2025 | $31M | $25M | $38M |
| November 2025 | $23M | $19M | $28M |
| October 2025 | $23M | $19M | $28M |
| September 2025 | $23M | $18M | $29M |
| August 2025 | $20M | $8.8M | $30M |
| July 2025 | $17M | $7.4M | $27M |
| June 2025 | $16M | $6.6M | $26M |
| May 2025 | $9.5M | $3.4M | $16M |
| April 2025 | $6.1M | $1.9M | $10M |
| March 2025 | $6.7M | $2.2M | $11M |
| February 2025 | $7.1M | $2.3M | $12M |
| January 2025 | $7.4M | $2.2M | $13M |
| December 2024 | $6.8M | $2.3M | $11M |
| November 2024 | $6.6M | $2.5M | $11M |
| October 2024 | $6M | $2.1M | $9.9M |
| September 2024 | $5M | $1.9M | $8.1M |

## Legora valuation

Legora's valuation rose from $675M at its Series B in May 2025 to $8.8B at its Series E in October 2026. Specter's live estimate sits between $7.32B and $10.6B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $8.8B | $7.32B | $10.6B |
| September 2026 | $6.97B | $5.65B | $8.61B |
| August 2026 | $5.52B | $4.6B | $6.64B |
| July 2026 | $5.6B | $4.66B | $6.73B |
| June 2026 | $5.6B | $4.66B | $6.73B |
| May 2026 | $5.57B | $4.64B | $6.7B |
| April 2026 | $5.6B | $4.66B | $6.73B |
| March 2026 | $5.55B | $4.62B | $6.67B |
| February 2026 | $4.19B | $3.44B | $5.11B |
| January 2026 | $3.16B | $2.59B | $3.85B |
| December 2025 | $2.39B | $1.97B | $2.89B |
| November 2025 | $1.8B | $1.5B | $2.16B |
| October 2025 | $1.8B | $1.5B | $2.16B |
| September 2025 | $1.25B | $990M | $1.58B |
| August 2025 | $870M | $700M | $1.07B |
| July 2025 | $600M | $500M | $720M |
| June 2025 | $640M | $520M | $780M |
| May 2025 | $680M | $560M | $810M |
| April 2025 | $670M | $480M | $930M |
| March 2025 | $660M | $480M | $910M |
| February 2025 | $660M | $510M | $840M |
| January 2025 | $650M | $510M | $830M |
| December 2024 | $650M | $480M | $880M |
| November 2024 | $640M | $480M | $850M |
| October 2024 | $640M | $490M | $820M |
| September 2024 | $630M | $490M | $800M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $8.8B | November 2026 | [linkedin.com](https://www.linkedin.com/posts/joshua-hsu-_an-object-in-motion-stays-in-supersonic-motion-activity-7523830513711779841-yyjQ) |
| $8.8B | October 2026 | Funding round |
| $5.53B | August 2026 | [linkedin.com](https://www.linkedin.com/posts/activity-7494116166974607361-UJpf) |
| $5.6B | July 2026 | [arcticstartup.com](https://arcticstartup.com/legora-acquires-wexler/) |
| $5.6B | June 2026 | [breakit.se](https://www.breakit.se/artikel/46516) |
| $5.58B | May 2026 | [marketingbrew.com](https://www.marketingbrew.com/stories/legora-marketing-strategy-jude-law-aaron-judge-celebrity-sports-partnerships) |
| $5.6B | April 2026 | Funding round |
| $5.55B | March 2026 | Funding round |
| $1.8B | November 2025 | [linkedin.com](https://www.linkedin.com/posts/johnstongraeme_anthropics-claude-for-enterprise-is-now-activity-7390343836121649153-PCYo) |
| $1.8B | October 2025 | Funding round |
| $600M | July 2025 | [breakit.se](https://www.breakit.se/artikel/43757/varderades-till-6-5-miljarder-i-senaste-rundan-sa-gar-det-for-legora) |
| $675M | May 2025 | Funding round |
| $610M | May 2024 | [breakit.se](https://www.breakit.se/artikel/43931/legora-grundaren-max-junestrands-viktigaste-lardomar-efter-felrekryteringarna-maste-bygga-en-sektliknande-kultur) |

## Legora funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 21 Oct 2026 | Series E | $550M | $8.8B | Atreides Management |
| 30 Apr 2026 | Series D | $50M | $5.6B | Undisclosed |
| 10 Mar 2026 | Series D | $550M | $5.55B | Accel |
| 30 Oct 2025 | Series C | $150M | $1.8B | Bessemer Venture Partners |
| 21 May 2025 | Series B | $80M | $675M | ICONIQ Capital, General Catalyst |
| 17 Jul 2024 | Series A | $25M | Undisclosed | Redpoint |
| 16 May 2024 | Seed | $10.5M | Undisclosed | Benchmark |
| 3 Apr 2024 | Pre-Seed | $500K | Undisclosed | Y Combinator |

## Legora vs competitors

Legal AI platforms are shifting from simple research assistants to full autonomous workflow environments.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Legora | $151M–$230M | $7.32B–$10.6B |
| Harvey (harvey.ai) | $340M–$530M | $12.9B–$18.6B |
| Eudia (eudia.com) | $3.8M–$31M | $320M–$1.02B |
| Noxtua (noxtua.com) | $7.4M–$21M | $600M–$930M |
| Libra (libratech.ai) | $6M–$11M | $12M–$56M |

## Questions

### What is Legora's revenue?

Specter estimates Legora's annual recurring revenue at $151M to $230M as of October 2026. Legora last reported $200M ARR in September 2026, up from $23M in November 2025.

### What is Legora's valuation?

Legora's latest post-money valuation is $8.8B, from an October 2026 Series E. Specter's live estimate is $7.32B to $10.6B.

### What is Legora's revenue multiple?

Legora is valued at about 44× ARR, based on its $8.8B October 2026 valuation and $200M last reported ARR. That works out to roughly $204K of ARR per employee.

### How much funding has Legora raised?

$1.42B across eight rounds, from a $500K Pre-Seed in April 2024 to a $550M Series E in October 2026.

### Who invested in Legora?

37 investors, including Accel, Atreides Management, Bessemer Venture Partners, General Catalyst, ICONIQ Capital and Redpoint.

### Who are Legora's competitors?

Harvey, Eudia, Noxtua and Libra. Specter ranks 29 competitors for Legora.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Legora revenue and valuation." tryspecter.com/revenue-valuation/legora. Updated November 2026.