NVIDIA's venture capital arm NVentures participates in the Series D expansion financing of the AI platform Legora aimed at lawyers

NVIDIA has added another piece to its artificial intelligence puzzle, as its corporate venture capital arm NVentures has invested in Legora, reportedly its first investment in the legal AI sector.

Legora is a legal tech startup originating from Sweden that uses AI to help lawyers improve their work efficiency and competes with the American company Harvey. With participation from Atlassian and other new investors, NVentures has joined Legora's shareholder structure, participating in its $50 million Series D extension financing. This round of financing comes just a month after the company completed a $550 million Series D round. During this period, Legora, which was selected for Y Combinator, has seen its annual recurring revenue (ARR) surpass $100 million, a milestone that has pushed its latest valuation to $5.6 billion (post-financing valuation). This valuation brings Legora closer to Harvey's level, which was valued at $11 billion last month. Additionally, Andreessen Horowitz, Coatue Management, Conviction Partners, Elad Gil, Matt Miller's Evantic, and Kleiner Perkins also participated in this round of financing.