Harvey Legal Tech Eyes $250M Funding at $5 Billion Valuation
Legal AI startup Harvey is reportedly in the process of securing over $250 million in fresh funding, with Kleiner Perkins and Coatue leading the round. According to a Reuters report citing anonymous sources, the new capital injection would place Harvey’s valuation at $5 billion—a significant leap that reflects growing investor confidence in the startup’s trajectory.
Sequoia Capital, which previously led Harvey’s $300 million Series D round just three months ago, is also expected to participate. The surge in interest is largely attributed to Harvey’s rapid market traction, as legal professionals increasingly turn to generative AI tools to streamline legal research, documentation, and data review.
In April 2025 alone, Harvey recorded an impressive annualized revenue run-rate of $75 million, signaling strong adoption across law firms and corporate legal teams worldwide.
Expanding AI Partnerships
The funding news follows closely on the heels of Harvey’s announcement to expand its AI model integrations, adding technologies from Anthropic and Google alongside existing models from its early backer, OpenAI.
While it remains unclear whether the OpenAI Startup Fund will contribute to this upcoming round, the inclusion of top-tier investors like Coatue and Kleiner Perkins solidifies Harvey’s standing in the booming legal tech space.
Representatives from Harvey, Kleiner Perkins, Coatue, and Sequoia Capital have not yet commented on the ongoing funding talks.
Why It Matters:
As artificial intelligence reshapes the legal industry, Harvey’s momentum illustrates how AI-driven platforms are transforming workflows in highly specialized sectors. With this new funding, Harvey is poised to accelerate innovation and meet the growing demand for smart legal solutions powered by AI.
