Legal News · Topic
Fundraising legal news
Rounds raised by legal companies, and what the money is for.
- Fundraising
Legora is in talks to raise at a $10bn valuation
Legora is in early discussions with investors about new funding at a valuation of at least $10bn, according to the Financial Times, in a deal that could mix fresh capital with secondary share sales. That is close to double the $5.6bn it was worth after its Series D in March, and it follows reported second-quarter growth of 50 percent to $150m in annual recurring revenue. Nothing is signed and the terms may move, so this is the price the market is willing to discuss rather than a round that has closed.
- Fundraising
Twin1 raises $20M for AI twins of individual lawyers
Twin1 has come out of stealth with a $20m seed co-led by Bessemer Venture Partners, Tribeca Venture Partners and Aramco Ventures, plus a strategic investment from the law firm Orrick. It pairs a professional with an AI twin meant to hold their expertise, preferences and working relationships, sitting inside meetings and document work through tools such as Microsoft Teams. Three of its four founders came from Eigen Technologies, the London document AI company SirionLabs bought in 2024, and Linklaters, Orrick and Dechert are named as customers.
SourceTwin1Artificial LawyerSiliconANGLEThe Global Legal PostLaw.com Legaltech News
- Fundraising
Discernis raises $2.5M to read every document in a case
Discernis, a New York startup, has raised a $2.5m seed led by Newfund Capital, with Triple Impact Capital, Remarkable Ventures and C2 Ventures taking part. Its claim is that it reads every document in a case file rather than sampling a subset, at a stated rate above 50,000 documents an hour, to surface evidence that only appears when the whole record is read. Founder Rob Kwiatkowski came from AWS, where he worked on reinforcement learning from human feedback.
- Fundraising
Newcode raises $13.5M Series A for its AI harness
Newcode, a Norwegian company selling what it calls a configurable AI harness for law firms, has raised a $13.5m Series A to fund expansion into the United States. The round was led by OnDean Forward, the investment firm of Relativity founder Andrew Sieja, with Relativity's own Rel Labs, The LegalTech Fund and Antiportfolio Ventures also taking part. It follows a seed of roughly $6.5m in March, putting the company at about $20m raised across 2026.