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Legal tech startup Legora is open to more dealmaking after buying its fourth company since its $550 million Series D in March, CEO Max Junestrand tells Axios Pro.

Driving the news: Legora, valued at $5.6 billion, acquired agentic commercial real estate platform Cadastral on Tuesday.

This interview has been edited for length and clarity.

Junestrand: "The best word is opportunistic. There's lots of talented teams out there, and I think many of those teams could really benefit from a platform like Legora."

"Yeah, I think that's a fair expectation."

Are these foundational model makers like Anthropic threats to you?

"No. I was out raising our series D when that dropped. It reduced the excitement around some of the public stock, but it certainly just increased the demand for the private Legora stock.

The foundational models by themselves are insufficient to really solve complex end-to-end legal work, and especially to deploy across these big enterprises, where there are so many other pieces to stack."

Large law firms are developing their own AI tools, with Kirkland planning to spend $500 million and Freshfields teaming up with Anthropic. Is this a concern for you?

"These law firms, they're turning around billions of dollars a year, so investing numbers like those in technology makes a ton of sense. There's a big technology stack in these big enterprise law firms, and investing those types of numbers in technology is healthy.

It's making headlines because it's comparatively large, but if you compare that with any normal company, those figures are actually not that big.

I think they're doing a phenomenal job capturing everyone's attention."

So you think they're going to use a platform like Legora and still going to invest in their own AI?

"100%. I feel very certain in that respect."

With all your dealmaking, are you thinking about raising more money?

"We set up to raise $300 million and we ended up increasing the round because there was so much demand, and so we're pretty set on that problem."

Legora not done buying as legal tech M&A heats up

It's made four acquisitions since a $550 million Series D in March.

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Legal tech startup Legora is open to more dealmaking after buying its fourth company since its $550 million Series D in March, CEO Max Junestrand tells Axios Pro.Driving the news: Legora, valued at $5.6 billion, <a class="gtmContentClick" data-vars-link-text="acquired" data-vars-click-url="https://www.axios.com/pro/enterprise-software-deals/2026/06/02/legal-tech-unicorn-legora-cadastral-software" data-vars-content-id="a96e9af8-69e8-4c57-a105-e69aadfe48c2" data-vars-headline="Legora not done buying as legal tech M&amp;A heats up" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/pro/enterprise-software-deals/2026/06/02/legal-tech-unicorn-legora-cadastral-software" target="_self">acquired</a> agentic commercial real estate platform Cadastral on Tuesday.

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Legora not done buying as legal tech M&A heats up

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