No doubt, one of the blockbuster hits of the AI era, legal tech startup harvey. Company on Wednesday… Confirmed It closed a fresh raise at a valuation of $11 billion, following reports aired last month It was another monster round in the works.
The company confirmed that it has raised $200 million in the round co-led by Singapore’s GIC and Sequoia Investors. Existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Ivantic and Kleiner Perkins also participated.
With this new funding, the company has raised more than $1 billion in total, and its valuation has increased by more than 3.5x in a year. Harvey was valued at $8 billion in a round announced in December led by Andreessen Horowitz. Earlier, it was valued at $5 billion in a Kleiner Perkins & Coatue-led round announced in June, and $3 billion in a Sequoia-led round announced in February 2025.
Sequoia has co-led three of its Series A rounds so far, a move that Sequoia partner Pat Grady acknowledged was an unusually large show of confidence for a VC firm, Grady said in the press release. A few months ago, Founder and CEO Winston Weinberg TechCrunch EIC was told what a crazy trip it was.
