Swedish legal AI startup Legora is in talks to raise ~US$100m (A$150m) at a valuation of US$1.7bn–$1.8bn (A$2.6bn-$2.7bn), per Forbes and Bloomberg.

The round, reportedly led by Bessemer Venture Partners, comes just four months after its US$80m Series B at US$675m, more than doubling its valuation.

Founded in 2023 by 25-year-old Max Junestrand, Legora has scaled to 300 law firm clients, including Allens, MinterEllison and Linklaters.

The Y Combinator alum built the tool to handle the grunt work of law, from contract review to research and drafting. ARR has jumped from US$4m to US$23m, with US$40m expected this year.

Rival Harvey hit a US$5bn valuation in June, while Eve raised US$103m at $1bn.