If not actively wanting funds, LegoStockholm-based LegalTek Startup, today their associate AI platform has announced a .6 70.6 Series B Fund Round for further development-$ 596 million has landed.
The round was led by the iconic and general catalists, with the continued support for the existing investors’ Redpoint Venture, benchmark and Wi -combinator.
Max JonstrandCEO and founder of Legora says: “Investment is a clear validity of the price that our product is providing to lawyers around the world. Although we were not actively seeking funding, the power of our growth, product and client partnership naturally attracted this support and Seth and Janet joined our board with us the iconic and general catalyst is interested in staying with usThe
“It always separated us Legora – deep cooperation with our clients – and enable innovation to accelerate the development of the product, we confirm the change in technology to meet the needs of the legal profession. We are committed to creating a product that not only solves today’s challenges but also to adapt and supply the long -term value.“
Established in 2021, Legora has claimed that more than 250 law agencies and internal legal groups are serving in the world-the world’s first true associate AI for lawyers. CEO Max Jonesland and CTO Sig Labor co-founded, Legora now has 100 employers in New York, Stockholm and London, and they have raised $ 105 million funds to date.
Seth Pierpant, The general partner of Iconic commented: “From our first conversation with Max and Cig, it has become immediately clear to us that they are creating rare precision and velocity, creating a platform that not only adapts to legal workflows – it promotes them and understands the disadvantages and motions of modern legal parties.
“Within two years, they have provided an enterprise-grade product that is already worldwide worldwide by hundreds of law companies and in-house legal groups worldwide.The “
The portfolio of Legora clients includes Clery Goltib, Goodwin and Birds and Birds – Helping lawyers more effectively reviewing, drafting and working more effectively with lawyers AI.
Janet Ju FarstenbergThe Managing Director of the General Catalist and the Head of Europe added: “Legora is running AI transformation into a high specialized industry. With an outstanding product, fast accepting by top level agencies and a founder who combines rare product instincts with exceptional editing, as we see, defining how legal work is done. We are interested in supporting Max and team as they scale this section-defined platformThe “
Legora believes that it is their associate method in developing and embezzling its AI that refers to its success to today. Legora targets more than only one platform, but the client’s partner, with them the first interaction works with the company’s wide rollout and beyond it.
Their AI platform is already strengthening the case of multiple action-critical usage and helping teams the center of the main topic “Hours than the day“-enabled to react to the advanced and more confident client with writing.
Mary O’CaroleGoodwin’s Chief Operating Officer commented: “Legora represents the kind of strategic technology that puts Goodwin at the forefront of legal superiority. We are very pleased with the initial results we have seen since partnership with them in March and we are looking forward to the continuous improvement of how our lawyers use the legal services and insights to clients.The “
Junstrand Connected: “AI, in simple words, the true leverage is the historic scope of the legal professionals to know their skills and know. We have observed the work to review data-rooms that do not do any damage to accuracy for a few hours from the week-Human-Macheen creates a way of waiting De-Facto waiting for intelligence and cooperation. Both law agencies and legal teams are already cutting the benefits of this progress on scalesThe “
[publish_date
