Harvey, a legal technology startup developing AI-powered solutions for law firms and enterprises, has raised €50 million in a strategic funding round led by EQT Growth. This latest investment builds on over $800 million previously raised from top-tier investors, including Sequoia Capital, Kleiner Perkins, Google Ventures, Coatue, and the OpenAI Startup Fund.
Currently, Harvey serves more than 700 customers across 58 countries. Its client base includes 45 of the AmLaw 100 firms, international law firms like Allen & Overy and A&O Shearman, alongside multinational corporations such as Bayer and Deutsche Telekom. The platform boasts adoption rates exceeding 90% within customer firms.
Founded in 2022 by Winston Weinberg, a former securities and antitrust litigator, and Gabriel Pereyra, a research scientist with experience at DeepMind and Meta, Harvey is tackling long-standing inefficiencies in the legal sector.
Weinberg said: “Legal teams need a fast pace on AI innovation and the highest commitment to security and privacy. Harvey’s goal is to provide both. Our partnership with EQT, one of the world’s largest private investors and a leader in Europe and Asia, reflects our commitment to delivering for customers not just in the US but on a global scale.”
Their platform uses domain-specific AI models trained on millions of anonymised legal documents to automate contract analysis, due diligence, compliance, and litigation workflows, improving speed, accuracy, and compliance.
Unlike competitors like LawGeex or Kira Systems, Harvey’s technology is tailored to legal language and jurisdictional nuances, delivering higher precision and trust. The company partners closely with former law firm attorneys to ensure its solutions fit real-world legal processes. This approach positions Harvey distinctly from competitors such as LawGeex, Kira Systems, Casetext, Eve, and Spellbook.
Patrick McBride, Managing Director at EQT, said: “Having looked at the AI professional services market in great detail, it was clear that Harvey was the leader to bet on. Their product, team, adoption, usage and client roster are standouts not just in their market but among software companies more broadly.”
Looking ahead, Harvey plans to expand partnerships with LexisNexis, iManage, and Wolters Kluwer, broaden its presence in regulated markets such as private equity and professional services, and develop localised AI capabilities attuned to different legal systems.
The funding will accelerate these efforts and support growing teams across Europe, Asia, and the Americas by leveraging EQT’s international platform.
