Legora

AI legal tech company Legora is reportedly in early discussions to secure a new funding round that would value the startup at $10 billion, almost doubling its $5.6 billion valuation from April 2024. This potential deal highlights growing investor appetite for European AI firms in the legal technology sector.

Summary of transaction details:

• Value: $10 billion valuation (funding amount not disclosed)
• Sector: DeepTech & AI
• Advisor: Not mentioned
• Key Entities: Legora (target); Undisclosed investors
• Location: Stockholm, Sweden

Note: The rationale behind this funding round is to capitalize on strong investor interest in AI startups, support Legora's expansion in legal tech, and reinforce its position ahead of potential future IPOs, as evidenced by its high predicted IPO probability.