Nvidia has made its first bet on legal technology, investing in Swedish AI startup Legora through its venture arm NVentures. The chip giant’s investment comes as part of a $50 million Series D extension that values the company at $5.6 billion.
Legora announced the funding round exclusively to CNBC on Thursday. The extension brings the total Series D to $600 million following an initial close in March. Other investors in the extension include Atlassian, Adams Street Partners, and Insight.
The investment highlights Nvidia’s continued push into startup funding as it seeks to deepen ties with promising AI companies. Beyond capital, Nvidia typically offers technical expertise and supply chain assistance to portfolio companies. This represents the chip giant’s first investment in the legal technology sector, according to Dealroom data.
Legora has gained attention recently for its advertising campaign featuring actor Jude Law with the slogan “Law just got more attractive.” The company builds AI agents and tools designed to help lawyers automate and streamline workflows.
“Enterprise AI is now entering a new phase,” said Max Junestrand, Legora’s CEO and cofounder. “Foundation models are improving rapidly, but the real breakthrough is in how they’re applied, where AI doesn’t just assist, but executes autonomously with the right level of human oversight.”
The funding comes during a boom period for legal technology investments. AI startups in this sector raised $3.7 billion globally in 2025, and current 2026 funding levels suggest a similar total by year-end. This trend reflects broader investor confidence that AI can reshape entire industries and deliver significant efficiency gains.
European AI companies are capturing a growing share of this investment activity. AI startups across Europe have raised $15.1 billion so far this year, putting the region on track to surpass 2025’s total of $21.6 billion.
Legora faces competition from well-funded rivals like U.S.-based Harvey, which raised $200 million at an $11 billion valuation in March. The competitive landscape shows how investors are betting heavily on AI’s potential to transform legal services.
The Swedish company has experienced rapid growth over the past year:
- Team size expanded from 40 to 400 employees
- Offices now span Stockholm, London, New York, Denver, Sydney, and Bengaluru
- Annual recurring revenue recently surpassed $100 million
- Client base includes tens of thousands of legal professionals
Major clients include corporate legal departments at companies like Barclays and leading law firms such as White & Case, HSFK, and Linklaters. This client roster demonstrates how established legal organizations are embracing AI tools to improve efficiency and reduce costs.
For Nvidia, the investment fits into a broader strategy of supporting AI companies across various industries. As demand for AI computing power continues growing, backing promising startups helps Nvidia maintain its position at the center of the AI ecosystem while potentially creating future customers for its chips and services.
