Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
CNBC
The announcement comes on the back of a bumper start to the week for European AI companies.
Swedish legaltech Legora has raised $550 million at a $5.55 billion valuation in a Series D round, the company announced on Tuesday, as investors pile money into European AI startups.
The round was led by Accel, with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator.
New investors including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital and Starwood Capital were also involved.
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Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
The announcement comes on the back of a bumper start to the week for European AI companies.
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