Harvey Confirms $11b Valuation: Sequoia Triples Down

In Brief

One of nan blockbuster hits of nan AI property is, without a doubt, legal tech startup Harvey. On Wednesday, nan institution confirmed that it had closed a caller raise astatine an $11 cardinal valuation, aft reports circulated past period that it was moving connected different monster round.

The institution confirmed it inhaled $200 cardinal from this round, co-led by returning investors Singapore’s GIC and Sequoia. Existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins besides participated.

With this caller funding, nan institution has raised much than $1 cardinal successful total, and its valuation jumped complete 3.5x successful a year. Harvey was weighted astatine $8 cardinal from a information announced successful December, led by Andreessen Horowitz. Before that, it was weighted astatine $5 cardinal from a information led by Kleiner Perkins and Coatue, announced successful June, and was astatine $3 cardinal from a Sequoia-led raise announced successful February 2025.

Sequoia has now co-led 3 of its rounds since its Series A, a move moreover Sequoia partner Pat Grady acknowledged was an unusually ample show of religion for nan VC firm, Grady said successful nan property release. A fewer months ago, laminitis and CEO Winston Weinberg described to TechCrunch EIC what a chaotic thrust it’s been.

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