One of the big hits of the AI era is undoubtedly legal tech startup Harvey. The company confirmed on Wednesday that it had completed a new raise at an $11 billion valuation, after reports circulated last month that it was working on another monster round.
The company confirmed it raised $200 million in the round, which was co-led by returning Singapore investors GIC and Sequoia. Existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins also participated.
With this new funding, the company has raised a total of more than $1 billion, and its valuation has jumped more than 3.5 times in one year. Harvey was valued at $8 billion in a round announced in December led by Andreessen Horowitz. Prior to that, a round led by Kleiner Perkins and Coatue announced in June valued the company at $5 billion, and a Sequoia-led raise announced in February 2025 valued it at $3 billion.
Sequoia has now co-led three of the rounds since its Series A, a move that Sequoia partner Pat Grady acknowledged is an unusually large-scale show of confidence for a VC firm, Grady said in a press release. A few months ago, founder and CEO Winston Weinberg told TechCrunch’s EIC what a wild journey it’s been.
