NVentures invests in Legora's $50M Series D extension

Nvidia's corporate venture capital arm, NVentures, has invested in Legora, a Swedish legal technology startup, as part of a $50 million extension to its Series D funding round, bringing the total raise to $600 million and valuing the company at $5.6 billion post-money.

The investment, announced Wednesday, marks NVentures' first known commitment to a legal artificial intelligence firm. It includes participation from Atlassian and financial investors such as Adams Street Partners, Airtree, Barclays, Geodesic, Insight Partners, Liberty Global and Nikesh Arora. Legora, a Y Combinator alumnus founded in 2023 by CEO Max Junestrand and Sigge Labor, provides AI tools that automate routine legal tasks like document review and case preparation while keeping humans in oversight of final outputs.

The company reported surpassing $100 million in annual recurring revenue, a milestone reached shortly after its initial Series D close. Legora has grown from 40 to 400 employees over the past year and expanded to offices in Stockholm, London, New York, Denver, Sydney and Bengaluru. Its platform, launched 18 months ago, now serves more than 1,000 law firms and in-house legal teams across 50 markets,...