Stockholm-based Legora, which uses generative AI to automate legal research and contract drafting, closed a $150 million funding round that values the company at approximately $1.8 billion. Investors in the round included Bessemer Venture Partners, ICONIQ and General Catalyst. Legora said proceeds will be used to expand product capabilities, hire engineering talent and push deeper into English- and German-language legal markets. Founders note rapid enterprise uptake among law firms and corporate legal teams seeking productivity gains and lower turnaround times for routine legal work.