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Harvey Revenue, Valuation, Funding & Investors
Harvey is valued at $16B as of September 2026, a 51.7x multiple on its last reported $300M revenue.
Last Harvey valuation
$16B
Series H · Sep 2026
Last Harvey funding round
$550M
Series H · Sep 2026
Harvey revenue
$300M
Series H · Sep 2026
Key investors in Harvey
Sequoia Capital
Kleiner Perkins
Coatue
Elad Gil
OpenAI Startup Fund
Conviction
About Harvey
Harvey is a San Francisco-based legal technology company offering AI-powered tools for law firms and in-house legal teams. Its platform handles contract drafting, due diligence, deposition preparation, and regulatory compliance using models trained on legal datasets. Founded in 2022 and backed by Sequoia Capital and OpenAI, Harvey serves clients like Allen & Overy and PwC, processing millions of documents with natural language generation for precise outputs across litigation and M&A practices.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$300M (Sep 2026)
Valuation
$16B (Sep 2026)
Harvey Valuation
Harvey is currently valued at $16B, based on its Series H in September 2026.
The $550M round was led by Diffusion and Lightspeed Venture Partners, with participation from Conviction, Kleiner Perkins, WndrCo, GIC, Andreessen Horowitz and 5 other investors.
Harvey's valuation has grown 22x from $715M at its Series B in December 2023 to $16B in September 2026, across 8 priced rounds.
Harvey valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2026 | Series H | $16B | 51.7x |
| Mar 2026 | Series G | $11B | 57.9x |
| Oct 2025 | Series F | $8B | 80.0x |
| Oct 2025 | Series E | $5B | 50.0x |
| Jun 2025 | Series E | $5B | 26.3x |
| Feb 2025 | Series D | $3B | 15.8x |
| Jul 2024 | Series C | $1.5B | 7.9x |
| Dec 2023 | Series B | $715M | 3.8x |
Harvey Revenue
Harvey's latest recorded revenue is $300M, as of its Series H in September 2026. At a $16B valuation, that implies a 51.7x revenue multiple.
Revenue grew from $190M in December 2023 to $300M in September 2026, while the revenue multiple moved from 3.8x to 51.7x.
Harvey revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2026 | $300M | $16B | 51.7x | Series H |
| Mar 2026 | $190M | $11B | 57.9x | Series G |
| Oct 2025 | $100M | $8B | 80.0x | Series F |
| Oct 2025 | $100M | $5B | 50.0x | Series E |
| Jun 2025 | $190M | $5B | 26.3x | Series E |
| Feb 2025 | $190M | $3B | 15.8x | Series D |
| Jul 2024 | $190M | $1.5B | 7.9x | Series C |
| Dec 2023 | $190M | $715M | 3.8x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Harvey Funding History
Harvey has raised a total of $1.8B across 11 funding rounds, plus 1 secondary share sale.
Harvey's first fundraising round was a $5M seed round in November 2022. The most recent completed round was a $550M Series H in September 2026.
Harvey funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Series H | Diffusion (lead); Lightspeed Venture Partners (lead); Conviction; Kleiner Perkins; WndrCo; GIC; Andreessen Horowitz; Sequoia Capital; Sapphire Ventures; Coatue; Elad Gil; Goldman Sachs Asset Management | $550M | $16B | Andreessen Horowitz led Harvey’s Series H on September 9, 2026, in a $550 million financing that valued the company at $15.5 billion post-money. The round included participation from Coatue Management, Conviction Partners, Diffusion, Elad Gil, Evantic Capital, GIC, Goldman Sachs, Kleiner Perkins, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Verified Capital, Whale Rock Capital Management, and WNDR. The financing supports Harvey’s continued expansion of AI agents for law firms and enterprise legal teams, building on a rapid sequence of prior rounds that had pushed the company’s valuation from $8 billion to $11 billion earlier in 2026. Harvey’s product is used by more than 1,300 customers across 60+ countries, and the company says the new capital will help scale the agents customers run on its platform and the embedded legal engineering teams that support them globally. Harvey is a legal AI platform for law firms and in-house legal departments. The company had previously raised large growth rounds from leading venture and growth investors, and this Series H extends that investor base with a broad set of returning backers and new strategic participation. |
| Jun 2026 | Secondary | - | - | - | Flat Capital divested its entire holding in Harvey, held through a special purpose vehicle, selling to an undisclosed buyer. The disposal was announced alongside the sale of Flat's Physical Intelligence stake, the two together producing approximately SEK 180 million of gross proceeds versus roughly SEK 28 million invested. The sale was part of Flat's stated move away from passive minority positions in AI and software companies. |
| Mar 2026 | Series G | GIC (lead); Sequoia Capital (lead); Conviction; Kleiner Perkins; Andreessen Horowitz; Evantic Capital; Coatue; Elad Gil | $200M | $11B | - |
| Oct 2025 | Series F | Andreessen Horowitz (lead) | $150M | $8B | Harvey AI, founded in 2022 by Winston Weinberg and Gabriel Pereyra, develops a generative AI platform tailored for legal professionals, offering tools for contract analysis, due diligence, compliance, litigation support, document management, and research. The platform integrates custom-trained AI models, including one built with OpenAI for case law, and serves over 700 law firms and enterprises, including 50 of the top AmLaw 100 firms like Allen & Overy and A&O Shearman, as well as corporate clients such as PwC, KKR, Bridgewater Associates, Comcast, and Carvana, representing more than 74,000 attorneys. In December 2025, Harvey raised $160 million in a Series F round led by Andreessen Horowitz, achieving an $8 billion post-money valuation, up from $5 billion in June 2025 and $3 billion in February 2025, with total funding exceeding $1 billion including prior raises from Sequoia, Kleiner Perkins, EQT Growth, and others. This marked Harvey's third major round of 2025, totaling $760 million raised that year, with the latest including new investors WndrCo and T. Rowe Price alongside returning backers; the company also completed its first tender offer as part of the investment. Harvey surpassed $100 million in annual recurring revenue in August 2025, just three years after founding, amid rapid growth with over 50% of AmLaw 100 firms adopting the platform. The funding will support expansion into Europe and Asia, investment in proprietary legal AI models, and new features like Shared Spaces for secure collaborative AI workflows. Positioned as a leader in the booming legal tech market, Harvey competes with players like Legora, Luminance, Clio, and Ironclad, benefiting from surging VC interest in AI verticals and partnerships such as with PwC for a tax AI assistant. |
| Oct 2025 | Series E | EQT (lead); OpenAI Startup Fund; REV; Kleiner Perkins; GV; Victor Koch & Partners; Sequoia Capital; Coatue; Elad Gil | $59M | $5B | Harvey is a generative AI platform purpose-built for the legal industry, providing customized large language models to law firms and in-house legal teams. The platform assists legal professionals with complex tasks including contract drafting, legal research, document analysis for due diligence, litigation management, and regulatory compliance, enabling lawyers to focus on higher-value strategic work. Founded in 2022 by Gabe Pereyra and Winston Weinberg, Harvey joined the unicorn club in 2024. In June 2025, Harvey closed a $300 million Series E funding round at a $5 billion post-money valuation, led by Kleiner Perkins and Coatue. This funding round brought together prominent investors including Sequoia Capital, Google Ventures, Elad Gil, the OpenAI Startup Fund, and RELX Ventures. By August 2024, Harvey had achieved $100 million in annual recurring revenue and served 50 of the top AmLaw 100 law firms, demonstrating strong enterprise adoption just three years after founding. As of October 2025, the company expanded to 700 customers across 58 countries in the US, Europe, and Asia, and has established strategic partnerships with key industry players including LexisNexis, iManage, and Wolters Kluwer. The company has also expanded into adjacent regulated industries including professional services and private markets, reflecting its growth trajectory in the AI-powered legal services sector. |
| Jun 2025 | Series E | Coatue (lead); Kleiner Perkins (lead) | $300M | $5B | Harvey AI, operating as Counsel AI Corporation, is a San Francisco-based legaltech company that develops custom large language models for the legal, tax, and professional services industries. Its products include modules for assistant functions, document vaults, knowledge management, and workflows, enabling automation of tasks like legal research, contract drafting, compliance, and due diligence. The platform serves 235 customers across 42 countries, including most of the top 10 US law firms, large law firms like Paul Weiss, and in-house legal teams at corporations such as KKR and PwC. On June 23, 2025, Harvey raised $300 million in a Series E funding round at a $5 billion post-money valuation, co-led by Kleiner Perkins and Coatue. Additional participants included Sequoia, GV, DST Global, Conviction, Elad Gil, OpenAI Startup Fund, Elemental, SV Angel, Kris Fredrickson, and REV (the venture capital arm of RELX Group, owner of LexisNexis). This followed a February 2025 Series D round of $300 million at a $3 billion valuation led by Sequoia with participation from Coatue, Kleiner Perkins, and others. The Series E funding aims to double headcount from over 340 employees, expand global presence, and diversify into areas like tax accounting. Prior traction included 4x annual recurring revenue growth in 2024 alongside customer expansion from 40 to 235. By end of 2025, Harvey reached $190 million ARR, up from $100 million in August 2025, though these figures post-date the June round. Harvey competes in the booming legal AI space against players like Legora, Luminace, Clio, and Ironclad, positioning itself as a leader in AI-driven professional services automation amid rapid industry adoption. The company has continued fundraising momentum post-Series E, including a $150-160 million round at $8 billion valuation led by Andreessen Horowitz, and talks of another $200 million at $11 billion by early 2026, bringing total funding over $1 billion and highlighting its breakout status in enterprise AI applications. |
| Feb 2025 | Series D | Sequoia Capital (lead); OpenAI Startup Fund; REV; Conviction; Kleiner Perkins; GV; Coatue; Elad Gil | $300M | $3B | Harvey is a San Francisco-based legal AI startup founded in 2022 that provides an LLM-based AI platform specifically designed for law firms and corporate legal departments. The platform offers an integrated suite of tools including an AI Assistant, Vault for document management, and Knowledge for research to help legal professionals work more efficiently. By December 2025, Harvey had achieved significant market penetration, with over 50 of the top AmLaw 100 law firms using the platform, alongside corporate legal teams from companies including Bridgewater, Comcast, and Carvana. In December 2025, Harvey closed a Series F funding round raising $160 million at an $8 billion post-money valuation, led by Andreessen Horowitz. The round included new investors WndrCo and accounts advised by T. Rowe Price Associates, alongside returning investors Sequoia, Kleiner Perkins, Conviction, and Elad Gil. The company completed its first tender offer as part of this investment round. Harvey demonstrated exceptional revenue growth in 2025. The company surpassed $100 million in annual recurring revenue in August 2025, and by the end of 2025 had achieved $190 million in ARR, nearly doubling its contracted revenue in less than six months. This strong financial performance reflects robust customer demand and successful monetization of its legal AI offerings. Following the December $8 billion valuation round, Harvey was reported to be in talks in February 2026 to raise an additional $200 million at an $11 billion valuation led by Sequoia and Singapore's GIC, representing a $3 billion valuation increase in just a few months. The company's rapid progression through funding rounds—from $3 billion in February 2025 to $5 billion in June, $8 billion in December, and potentially $11 billion in early 2026—underscores its status as one of the breakout winners in AI enterprise applications and reflects strong investor confidence in the legal AI market opportunity. |
| Jul 2024 | Series C | GV (lead); SV Angel; Kleiner Perkins; Saurabh Gupta; OpenAI; Sequoia Capital; Elad Gil | $100M | $1.5B | Harvey is a San Francisco-based legal AI startup founded in 2022 by Winston Weinberg and Gabriel Pereyra, providing an AI platform with tools like an AI Assistant, Vault for document management, and Knowledge for research, tailored for law firms and corporate legal departments to boost productivity. It integrates customized large language models, including from OpenAI, to deliver comprehensive legal answers with reduced hallucinations. In July 2024, Harvey was reportedly seeking $100M in a round led by GV (Alphabet's venture fund), targeting a $1.5B valuation, doubling from its prior $80M raise in December 2023 that included OpenAI Startup Fund. The round size was scaled down from an initial $600M plan after an intended acquisition of vLEX fell through, with funds potentially aimed at enhancing AI models or expanding OpenAI partnerships. Investors aligned with the query include GV as lead, alongside prior backers like Sequoia, Kleiner Perkins, Elad Gil, OpenAI, and SV Angel. Post-July 2024, Harvey raised further: $300M Series E in June 2025 at $5B valuation co-led by Kleiner Perkins and Coatue, with participation from Sequoia, GV, DST Global, Conviction, Elad Gil, OpenAI Startup Fund, SV Angel, and others; then multiple 2025 rounds including $59M from EQT, $150M from a16z, and $160M Series F in December 2025 at $8B led by Andreessen Horowitz with Sequoia, Kleiner Perkins, Elad Gil. By end-2025, it reached $190M ARR (up from $100M in August 2025), serving 50 top AmLaw 100 firms, with partnerships like LexisNexis. Harvey competes in the legal tech space against players like Clio and Ironclad, positioning as a leader in AI for enterprise legal applications amid rapid fundraising totaling over $790M by 2026, now reportedly eyeing $200M at $11B valuation. |
| Mar 2024 | Series B | Flat Capital | - | - | Flat Capital invested approximately SEK 10 million in the legal AI company Harvey through a special purpose vehicle. The investment followed a capital raise Harvey completed in December 2023 with the OpenAI Startup Fund, Sequoia Capital, Kleiner Perkins and Elad Gil, after revenue increased more than tenfold since April 2023. Flat sold the holding in June 2026. |
| Dec 2023 | Series B | Kleiner Perkins (lead); OpenAI Startup Fund; Sequoia Capital | $80M | $715M | Harvey is a secure generative AI platform designed for professional services, particularly legal professionals, in-house teams, and private equity firms. It augments productivity and streamlines workflows using domain-specific foundation models developed in collaboration with OpenAI. The company was founded to address complex needs in legal tasks such as contract analysis, due diligence, compliance, and litigation. On December 19, 2023, Harvey announced its $80 million Series B funding round, co-led by Elad Gil and Kleiner Perkins, with participation from OpenAI Startup Fund and Sequoia Capital. This investment brought total funding to over $100 million and valued the company at $715 million post-money. Existing investors including Elad Gil, Pat, Charlie, Brad, and Ian continued their support. At the time of the Series B, Harvey reported exponential increases in platform engagement and more than tenfold revenue growth since April 2023, establishing trust among leading law firms and enterprises. The funding was earmarked to expand custom model building, scale the team, and develop additional product features to harness generative AI potential. This round positioned Harvey as a leader in applied AI for professional services, setting the stage for subsequent raises including a Series D in February 2025 at $3B valuation and further rounds reaching multi-billion valuations by late 2025. |
| Apr 2023 | Series A | Sequoia Capital (lead); OpenAI Startup Fund; Conviction; SV Angel | $21M | - | - |
| Nov 2022 | Seed | OpenAI Startup Fund (lead); Jeff Dean | $5M | - | Harvey is a legal AI startup offering an LLM-based AI assistant for law firms. OpenAI Startup Fund led its seed round as the foundational backer, providing initial support to launch AI-driven legal tools. The round occurred on November 22, 2022, raising $5 million with participation from investors including Jeff Dean. Harvey's backers also include Sequoia Capital, Kleiner Perkins, Elad Gil, and Google Ventures. |
Who has invested in Harvey?
23 investors have backed Harvey across its funding rounds, including Sequoia Capital, Kleiner Perkins, Coatue, Elad Gil, OpenAI Startup Fund and Conviction.
Lead investors include Diffusion, Lightspeed Venture Partners, GIC, Sequoia Capital, Andreessen Horowitz and 5 other investors.
Harvey Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 7 | Lead | Dec 2023 | ||
| 7 | Lead | Apr 2023 | ||
| 5 | Lead | Nov 2022 | ||
| 5 | Lead | Feb 2025 | ||
| 5 | Participant | Jul 2024 | ||
| 4 | Participant | Apr 2023 | ||
| 3 | Lead | Jul 2024 | ||
| 3 | Lead | Oct 2025 | ||
| 2 | Participant | Feb 2025 | ||
| 2 | Participant | Apr 2023 | ||
| 2 | Lead | Mar 2026 | ||
| 1 | Lead | Oct 2025 | ||
| 1 | Participant | Sep 2026 | ||
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Start Free TrialAcquisitions by Harvey
Harvey has acquired 4 companies to date.
Last acquisition by Harvey was on September 8th 2026. Harvey acquired Guardrails AI for undisclosed valuation.
Latest Acquisitions by Harvey
| Description | Guardrails AI is an open-source toolkit enforcing structured outputs and safety constraints in large language model applications. San Francisco-headquartered, it supports developers with validators for RAIL format specifications to prevent hallucinations and ensure reliable AI responses. | Benchmark is a data platform that applies artificial intelligence to organize and surface institutional knowledge for investment and asset management teams. | Hexus is an AI platform that generates scalable marketing content from single recordings, repurposing into interactive demos, guides, and blogs. | Mirage is a platform offering custom large language models to boost productivity in businesses. The company provides fine-tuned LLMs for tasks like content generation, data analysis, and automation, deployable via API for enterprise workflows. |
| HQ Country | ||||
| HQ City | San Francisco, CA | New City, NY | - | San Francisco, CA |
| Deal Date | 8 Sep 2026 | 15 Jul 2026 | 21 Jan 2026 | 8 Apr 2024 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Harvey acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Harvey Competitors
Harvey competitors include listed companies like Presight AI and Haizhi, and private ones like Legora, Kling AI, Lovable and ElevenLabs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $5.6B | 56.0x | ||
| Private | $500M | - | $18B | 36.0x | ||
| Private | $500M | - | $13B | 26.6x | ||
| Private | $500M | - | $11B | 22.0x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Publicly listed | $93M | ($30M) | $2.1B | 16.3x |
Harvey Public Comps
Harvey is still privately-owned, but its public comps include Range Intelligent, IonQ, Tempus AI, iFlytek, MiniMax Group, UiPath, SenseTime Group, Presight AI, Tenable and Z.ai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $846M | $803M | 20.7x | 16.0x | 21.9x | 19.7x | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $1.3B | ($131M) | 12.0x | 10.1x | (116.0x) | 346.0x | |||
| $4B | $465M | 3.7x | 3.4x | 31.7x | 40.6x | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $1.6B | $70M | 3.7x | 3.5x | 85.8x | 13.7x | |||
| $748M | ($70M) | 6.9x | 5.8x | (73.5x) | 113.7x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
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Common questions about Harvey
| When was Harvey founded? | Harvey was founded in 2022. |
| Where is Harvey headquartered? | Harvey is headquartered in San Francisco, CA, United States. |
| Is Harvey publicly listed? | No, Harvey is a private, VC-backed company. |
| What is Harvey's valuation? | Harvey was last valued at $16B in its Series H in September 2026. |
| How much funding has Harvey raised? | Harvey has raised $1.8B across 11 funding rounds. |
| What was Harvey's last funding round? | Harvey's last funding round was a $550M Series H in September 2026, led by Diffusion and Lightspeed Venture Partners. |
| Who are Harvey's investors? | Harvey's investors include Kleiner Perkins, Sequoia Capital, OpenAI Startup Fund, Coatue, Elad Gil, Conviction, GV, Andreessen Horowitz, REV, SV Angel and 13 others. |
| What is Harvey's revenue? | Harvey's latest recorded revenue is $300M (September 2026). |
| What is Harvey's revenue multiple? | Harvey's latest valuation implies a 51.7x revenue multiple ($16B valuation on $300M of revenue). |
| Which companies are comparable to Harvey? | Companies comparable to Harvey include Legora, Kling AI, Lovable, ElevenLabs, Presight AI and Haizhi. |
| How many companies has Harvey acquired? | Harvey has acquired 4 companies, including Guardrails AI, Benchmark, Hexus and Mirage. |
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