Liberty Global Tech Ventures invests in leading legal AI company Legora

Liberty Global Tech Ventures, the technology investment arm of Liberty Global, today announced an investment in Legora, a rapidly-scaling legal AI company that has seen an exceptional increase in valuation and customer adoption since launch.

Founded in Stockholm in 2023, Legora has grown from early stage start up to $100m ARR within 18 months of launch, reflecting strong demand for its AI native legal platform and rapid global expansion. The company is already used by more than 1,000 law firms and in-house legal teams across over 50 countries, including global firms such as Linklaters and Dentons.

Liberty Global joins a select group of institutional investors - including Accel, Bain Capital and Menlo Ventures - alongside strategic investors like Salesforce and NVIDIA in the oversubscribed $600m funding round. Liberty Global's selection reflects the strategic value it brings through its global technology footprint and experience scaling digital platforms.

Liberty Global's AI investment strategy

Liberty Global Tech Ventures is part of Liberty Growth, Liberty Global's investment portfolio focused on scalable technology, media, sports, services and infrastructure. The Tech Ventures team invests in category-defining AI and technology businesses which operate in large markets with management teams who have proven ability to launch and commercialise products.

Legal services are widely regarded as one of the largest industries being reshaped by AI, alongside software development and customer care, with an estimated $40bn addressable market.

Ankur Prakash, Partner at Liberty Global Tech Ventures, said: "Legora has established itself as a market leader at a time when the legal industry is undergoing a profound shift driven by AI. This investment continues our track record of providing early backing to companies with the potential to disrupt massive markets, and we're excited to support Legora's category-defining team as they continue to build and scale the platform"

David Eckstein, CFO at Legora, said: "Liberty Global brings a strategic perspective and global operating experience that aligns closely with our ambition. As we continue to scale internationally, their track record in building and supporting global platforms made them a highly attractive partner for Legora."