<p id="speakable-summary" class="wp-block-paragraph">One of the blockbuster hits of the AI age is, without a doubt, <a href="https://techcrunch.com/2025/11/14/inside-harvey-how-a-first-year-legal-associate-built-one-of-silicon-valleys-hottest-startups/" target="_blank" rel="noreferrer noopener">legal tech startup Harvey</a>. On Wednesday, the company <a href="https://www.prnewswire.com/news-releases/harvey-raises-at-11-billion-valuation-to-scale-agents-across-law-firms-and-enterprises-302724309.html" target="_blank" rel="noreferrer noopener nofollow">confirmed</a> that it had closed a new raise at an $11 billion valuation, after reports <a href="https://techcrunch.com/2026/02/09/harvey-reportedly-raising-at-11b-valuation-just-months-after-it-hit-8b/" target="_blank" rel="noreferrer noopener">circulated last month</a> that it was working on another monster round.</p>
<p class="wp-block-paragraph">The company confirmed it inhaled $200 million 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 also participated.</p>
<p class="wp-block-paragraph">With this new funding, the company has raised more than $1 billion in total, and its valuation jumped over 3.5x in a 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 Coatue, announced in June, and was at $3 billion from a Sequoia-led raise announced in February 2025.</p>
<p class="wp-block-paragraph">Sequoia has now co-led three of its rounds since its Series A, a move even Sequoia partner Pat Grady acknowledged was an unusually large show of faith for the VC firm, Grady said in the press release. A few months ago, founder and CEO Winston Weinberg <a href="https://techcrunch.com/2025/11/14/inside-harvey-how-a-first-year-legal-associate-built-one-of-silicon-valleys-hottest-startups/" target="_blank" rel="noreferrer noopener">described to TechCrunch’s EIC what a wild ride it’s been</a>.</p>
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