Harvey confirms $11B valuation: Sequoia triples down

In Brief

One of the blockbuster hits of the AI property is, without a doubt, legal tech startup Harvey. On Wednesday, the institution confirmed that it had closed a caller rise 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, the institution has raised much than $1 cardinal successful total, and its valuation jumped implicit 3.5x successful a year. Harvey was valued astatine $8 cardinal from a circular announced successful December, led by Andreessen Horowitz. Before that, it was valued astatine $5 cardinal from a circular led by Kleiner Perkins and Coatue, announced successful June, and was astatine $3 cardinal from a Sequoia-led rise announced successful February 2025.

Sequoia has present co-led 3 of its rounds since its Series A, a determination adjacent Sequoia spouse Pat Grady acknowledged was an unusually ample amusement of religion for the VC firm, Grady said successful the 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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