US-based legal tech Harvey just raised $200 million in new funding co-led by GIC and Sequoia. The latest round values Harvey at $11 billion and includes participation from existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins.
Founded in 2022 by Winston Weinberg, a former securities and antitrust litigator at O’Melveny & Myers, and Gabriel Pereyra, a former research scientist at Meta and Google DeepMind, Harvey builds software for legal teams and professional services firms.
Legal teams today are dealing with more work than ever. Contracts, compliance, and legal checks are piling up, while teams are expected to move faster. This is prompting many firms to adopt AI tools capable of handling routine legal tasks.
Harvey helps with everyday work like reviewing contracts, checking compliance, handling due diligence, and supporting legal cases, so teams can work faster and with less effort.
The company’s tools are used by more than 1,000 law firm customers and over 500 in-house legal teams, totalling more than 1,500 organisations across 60 countries. Harvey now works with more than half of the AmLaw 100 and serves 50 asset management firms globally. More than 100,000 lawyers worldwide run their most critical work on the platform.
Some of its recent customers include NBCUniversal, HSBC, Corrs Chambers Westgarth, and McCann Fitzgerald, which has rolled out Harvey across the firm. DLA Piper International has also expanded its use of the platform.
The funds will be used to expand the agents’ customer base in Harvey and grow the embedded legal engineering teams supporting them globally.
