Legora hits $5.6B valuation in Nvidia-led extension
swedish legal ai startup legora reached a $5.6b valuation after a $50m series d extension led by nvidia's ventures. the company surpassed $100m arr and is used by over 1,000 law firms, intensifying its rivalry with harvey ($11b valuation).
Nvidia's NVentures led a $50 million Series D extension in Swedish legal AI startup Legora, pushing its valuation to $5.6 billion. This round follows Legora's achievement of $100 million in annual recurring revenue and comes just a month after its $550 million Series D. Legora now counts over 1,000 law firms as clients, competing directly with U.S.-based Harvey, which secured a roughly $11 billion valuation in December. Both companies are aggressively expanding into each other's geographic regions and securing high-profile brand partnerships to capture market share.