Funding round
Legora Series B
Legora, which works in collaborative AI platform development in Stockholm, raised $80M in a Series B round announced on 21 May 2025, led by ICONIQ and General Catalyst, at a $675M post-money valuation. 5 firms took part, 5 of them already investors. It is Legora's second venture round on record; the one before was a Series A in Jul 2024.
$80M
Amount raised
$675M
Post-money valuation
$595M pre-money
5
Investors
2 leads
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Legora at $675M after the new money. The $80M bought investors about 12% of the company. It came 10 months after Legora's Series A. It is 5.7% of the $1.41B Legora has raised in the venture rounds on record. Legora raised again 5 months later: a Series C round of $150M in Oct 2025, at $1.80B post-money.
Legora's funding rounds
Legora has 6 venture rounds on record. This one is highlighted.
- Series A 17 Jul 2024, led by Redpoint Ventures $25M
- Series B this round 21 May 2025, led by ICONIQ and General Catalyst $80M$675M post-money
- Series C 30 Oct 2025, led by Bessemer Venture Partners $150M$1.80B post-money
- Series D 10 Mar 2026, led by Accel $550M$5.55B post-money
- Bridge 30 Apr 2026, led by nVentures $50M$5.60B post-money
- Series E 21 Oct 2026, led by Atreides Management $550M$8.80B post-money
Investors
Who put money in
ICONIQ and General Catalyst led the round with 3 other firms. ICONIQ, General Catalyst, Redpoint Ventures and Benchmark and 1 more had backed Legora before.
Lead investors
- ICONIQ existing investor
- General Catalyst backs 574 venture-backed companies existing investor
Also in the round
- Redpoint Ventures backs 194 venture-backed companies existing investor
- Benchmark existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
Joined the board: Seth Pierrepont (ICONIQ) and Jeannette zu Fürstenberg (General Catalyst).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
695 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 2.4 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 May 2025 | $165M | $1.00B | Sixth Street Growth and Spectrum Equity |
| Tech Companies | 26 May 2025 | $75M | $850M | Forerunner and FPV Ventures |
| Tech Companies | 20 May 2025 | $75M | not disclosed | Insight Partners |
| Tech Companies | 6 May 2025 | $73M | not disclosed | Brighton Park Capital |
| Tech Companies | 7 May 2025 | $60M | not disclosed | Battery Ventures |
| Tech Companies | 21 May 2025 | $50M | not disclosed | SignalFire |
| Tech Companies | 14 May 2025 | $43M | $250M | NFDG |
| Tech Companies | 7 May 2025 | $43M | not disclosed | PeakSpan Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Legora raise in its Series B round?
Legora raised $80M in its Series B round, announced in May 2025.
Who led Legora's Series B round?
ICONIQ and General Catalyst led it, with Redpoint Ventures, Benchmark and Y Combinator.
What was Legora's valuation at the Series B round?
$675M post-money ($595M pre-money).
How does it compare with other Series B rounds in Tech Companies?
695 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 2.4 times the median.
Did Legora raise again after this round?
Yes: a Series C round in Oct 2025 of $150M at $1.80B post-money.