At a glance
- Baron Capital, Bessemer Venture Partners, General Catalyst and Menlo joined lead investor Atreides, and Legora said it would use the proceeds to expand across North America.
- Allocator diligence starts with the entry valuation a vehicle carries, its fee and carry, and whether existing positions are marked at April's $5.6 billion or October's $8.8 billion.
- The new valuation is about 57% above the $5.6 billion Legora attached to its April round, a $50 million extension of a $550 million Series D. Annual recurring revenue doubled from $100 million then to more than $200 million now.
Atreides Management led a $550 million Series E for legal-AI developer Legora at an $8.8 billion valuation, the company said Oct. 21 after TechCrunch first reported the round.
Baron Capital, Bessemer Venture Partners, General Catalyst and Menlo joined lead investor Atreides, and Legora said it would use the proceeds to expand across North America.
Allocator diligence starts with the entry valuation a vehicle carries, its fee and carry, and whether existing positions are marked at April's $5.6 billion or October's $8.8 billion. The announcement does not name the vehicles any of the five investors used.
The new valuation is about 57% above the $5.6 billion Legora attached to its April round, a $50 million extension of a $550 million Series D. Annual recurring revenue doubled from $100 million then to more than $200 million now.
Reported by the Venture Capital desk from TechCrunch — Venture. Published . Updated Oct 25, 2026 · 3:00 a.m. ET. Corrections