# Q3 2026 Legal Tech Funding by the Numbers > Legal tech raised $830.5 million across 16 rounds in Q3 2026, down 5% from Q3 2025. Harvey took $600 million, and the top three rounds took 86.7%. By The Circle Desk | Market Signals | Published 2026-10-24 | Updated 2026-10-25 Source: https://legaltechcircle.com/insights/q3-2026-legal-tech-funding-numbers/ Legal tech companies raised $830.5 million across 16 equity rounds in the third quarter of 2026 (July 1 to September 30), according to the [Legal Tech Circle funding tracker](https://legaltechcircle.com/market-signals/funding-tracker/). That is more than double Q2 2026, when 13 rounds raised $393.1 million, but about 5% less than Q3 2025, when 23 rounds raised $872.2 million. Harvey alone raised $600 million of the Q3 total, so the quarter's size rests on one company. ## How Much Did Legal Tech Raise in Q3 2026? The quarter's total was $830.5 million in 16 equity rounds. We count only equity rounds with a published source. Loans and credit lines are tagged as debt in the tracker and kept out of every total here, as are acquisitions and majority stake deals, which sit on the tracker's Exits tab. Three rounds of $50 million or more landed in the quarter. Harvey announced a [$550 million round at a $15.5 billion valuation](https://www.harvey.ai/blog/harvey-raises-dollar550m-at-a-dollar155b-valuation-to-help-legal-teams-own-their-intelligence) on September 9, co-led by Diffusion and Lightspeed Venture Partners, and added a $50 million extension from Ontario Teachers' Pension Plan on September 24, per the [company's announcement](https://www.newswire.ca/news-releases/harvey-announces-investment-from-ontario-teachers-pension-plan-and-deepens-its-commitment-to-canada-847400789.html). Norm Ai raised a [$120 million Series C](https://news.bloomberglaw.com/us-law-week/ai-legal-startup-norm-valued-at-1-2-billion-in-funding-round) in July, led by Khosla Ventures. Those three rounds took 86.7% of the quarter's money, and Harvey's two checks alone took 72.2%. The next largest round was Chamelio's $26 million Series A, led by Entree Capital and announced September 22 in the [company's release](https://www.prnewswire.com/news-releases/chamelio-raises-26m-series-a-to-replace-legacy-clm-with-ai-native-in-house-legal-operations-302886011.html). After that came Jusfy's $15 million Series A in Brazil, Wordsmith's $14 million Series B extension in the UK and Newcode's $13.5 million Series A in Norway. ## How Does Q3 Compare With Q2 2026 and Q3 2025? Against Q2 2026, the total rose 111%, from $393.1 million to $830.5 million, and the round count rose from 13 to 16. Against Q3 2025, the total fell about 5%, from $872.2 million, and the round count fell from 23 to 16. Q3 2025 included Filevine's [$400 million raise](https://www.lawnext.com/2025/09/filevine-raises-400m-in-two-round-funding-to-scale-ai-powered-legal-platform-i-speak-with-its-ceo.html), so both quarters were shaped by a single very large deal. The more telling comparison strips out the biggest company. Without Harvey, Q3 2026 comes to $230.5 million across 14 rounds, with a median of $7.5 million. Q2 2026 had no Harvey round, and its 13 rounds raised $393.1 million, including Enter's $100 million Series B, Wordsmith's $70 million Series B and Lexroom's $50 million Series B. The median round in Q3 2026 was $9.4 million, against $15.1 million in Q2 2026 and $7.5 million in Q3 2025. ## What Kinds of Rounds Closed in Q3? Early stage deals made up most of the count. Five of the 16 rounds were seed or pre-seed, including Concorda's $3.8 million seed, Grubel's [$3.5 million pre-seed](https://munich-startup.de/en/news/multi-million-deal-for-munich-ai-startup-grubel) in Germany and Discernis's $2.5 million seed. Five were Series A rounds: Chamelio, Jusfy, Newcode, Inspira in Brazil and Magnar, the Chilean legal research company whose $8 million Series A was announced in a [company post](https://www.magnar.ai/cl/blog/serie-a-8-millones-brasil-mexico) on September 7. Five were later stage rounds or extensions: Harvey's two checks, Norm Ai, Wordsmith's extension and WERT Intelligence's $10.9 million Series B in South Korea. One, Aloi's roughly $7 million round in Sweden, had no stage named in its source. By category, generative AI drafting and review tools took $631.0 million, almost all of it Harvey. Compliance and risk came second at $120 million, all Norm Ai, and contract management third at $26 million, all Chamelio. By geography, US companies raised $748.5 million, or 90.1% of the quarter. Europe including the UK raised $40.0 million across five rounds, Latin America $25.8 million across three, and Asia Pacific $12.4 million across two. One round, Concorda's seed, has no country recorded yet. **How we counted.** These numbers come from the tracker's CSV download, pulled on October 25, 2026. A script assigns each equity round to a calendar quarter by announcement date and sums the USD amounts. Rounds announced in other currencies are converted at the European Central Bank rate on the announcement date. Every row links to its source in the tracker, and if a figure is corrected we update the row and the totals. ## What to Watch Watch whether the rest of the market recovers in Q4 or whether money keeps pooling at the top. Q4 opened with Legora's $550 million Series E, which means the two largest legal AI companies have now raised back to back. If the next few weeks bring mostly small seed rounds and few Series B deals, the gap between the leaders and everyone else will widen further. ## Common Questions **How much did legal tech raise in Q3 2026?** $830.5 million across 16 equity rounds, per the [Legal Tech Circle funding tracker](https://legaltechcircle.com/market-signals/funding-tracker/). **Was Q3 2026 up or down on last year?** Down about 5%, from $872.2 million across 23 rounds in Q3 2025. **What was the largest legal tech round in Q3 2026?** Harvey's $550 million round at a $15.5 billion valuation, announced September 9, 2026. **How much did legal tech raise in Q3 2026 without Harvey?** $230.5 million across 14 rounds. *Updated Oct 25, 2026 with corrected tracker data: Q3 2026 is $830.5 million across 16 rounds, down 5% year over year.* --- Legal Tech Circle (https://legaltechcircle.com/). News and analysis, not legal advice.