Swedish legaltech Legora has raised $550 million at a $5.55 billion valuation in a Collection D spherical, the corporate introduced on Tuesday, as traders pile cash into European AI startups.
The spherical was led by Accel, with participation from current traders Benchmark, Bessemer Enterprise Companions, Normal Catalyst, ICONIQ, Redpoint Ventures and Y Combinator.
New traders together with Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital and Starwood Capital had been additionally concerned.
Legora’s Collection D is its third elevate up to now yr.
The announcement comes on the again of a bumper begin to the week for European AI firms.
U.Okay.-based AI infrastructure Nscale stated on Monday that it had raised a $2 billion Collection C and on Tuesday former Meta AI chief Yann LeCun’s new AI startup Superior Machine Intelligence Labs introduced it had picked up over $1 billion. U.Okay. autonomous driving startup Wayve hit an $8.6 billion valuation in February after elevating a $1.2 billion Collection D.
Report funds had been ploughed into European AI startups in 2025, with $21.7 billion invested, based on dealcounting platform Dealroom. Simply over two months into 2026, AI startups within the area have raised greater than $9 billion.
“Over the previous yr, the tempo of adoption within the U.S. has exceeded our expectations, as main corporations and in-house groups transfer decisively from experimentation to embedding AI throughout their organisations,” Max Junestrand, CEO and cofounder of Legora, stated in a press release.
“This funding permits us to speed up our U.S. progress – investing in expertise and infrastructure, strengthening our presence in key markets, and guaranteeing we are able to assist prospects on the bottom as they combine AI into their core workflows.”
Legora is increasing its footprint within the U.S. with new places of work in Houston and Chicago, alongside its current presence in New York and Denver. The corporate expects to open further native hubs and develop to greater than 300 staff throughout its U.S. places of work by the tip of 2026, it stated.
