Harvey Confirms $11 Billion Valuation: Sequoia Triples

Without a doubt, one of the successful companies of the AI ​​era is legal technology startup Harvey. The company confirmed on Wednesday that it had closed a new raise at a valuation of $11 billion, after reports spread last month that it was working on another mega round.

The company confirmed that it had raised $200 million from the round, which was co-led by returning investors GIC and Sequoia in Singapore. Existing investors Andreessen Horowitz, Kuato, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins also participated.

With this new financing, the company has raised more than $1 billion in total, and its valuation has jumped more than 3.5-fold within one year. Harvey was valued at $8 billion from a round announced in December, led by Andreessen Horowitz. Before that, it was valued at $5 billion from a round led by Kleiner Perkins and Catio, announced in June, and was valued at $3 billion from a raise led by Sequoia announced in February 2025.

Sequoia has now co-led three of its rounds since its Series A, Grady said in the press release, a move that even Sequoia partner Pat Grady acknowledged was an unusually large show of faith in the venture capital firm. A few months ago, founder and CEO Winston Weinberg described to TechCrunch EIC what the wild ride has been like.