Harvey recently announced the Series D funding round led by Sequoia and including Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group which owns LexisNexis Legal & Professional. This round of funding was raised at a $3 billion valuation.
Last year, the company saw 4x annual recurring revenue (ARR) growth and expanded from 40 customers to 235 customers in 42 countries, including most of the top 10 US law firms.
Harvey said they have seen the legal and professional services industry shift faster than ever. And lawyers are adopting technology at an unprecedented rate, centuries-old firms are experimenting with new business models, and enterprises are driving significant savings with AI-enabled workflows. This pace of change will only accelerate in 2025.
This funding will enable Harvey to continue improving the platform, scaling agentic workflows, building out integrated enterprise use cases, and growing the team.
In September, Harvey expanded its footprint to Europe with the opening of the London office. And this office will serve as Harvey’s official European headquarters, and the London-based team will support Harvey’s growing EMEA customer base.
The company’s $100 million Series C funding round closed in July 2024, and it was valued at $1.5 billion.
