Swedish startup Legora, which launched 18 months ago, has achieved a milestone of $100 million in annual recurring revenue (ARR) within 18 months of its launch. The company's 26-year-old cofounder and CEO, Max Junestrand, stated that this milestone was a reflection of demand rather than salesmanship. If verified, Legora would be among the fastest-growing software companies in European history and establish it as a serious challenger to Harvey, the current leader of the market, which was last valued at $11 billion after raising $200 million. Legora's customer base has grown to over 1,000 firms and legal teams, up from around 800 at the time of its Series D financing in early March. The firm raised $550 million in a Series D round led by Accel, with the round pricing the company at $5.55 billion. Total funding for Legora now stands at $816 million. The product now covers the full spectrum of legal work, covering the full range of legal tasks traditionally performed by junior associates.