Funding round
Harvey Seed
Harvey, which works in AI-Powered legal document research services in San Francisco, raised $5.0M in a Seed round announced on 23 Nov 2022, led by OpenAI Startup Fund. 1 firm took part. It is Harvey's first venture round on record.
$5.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Harvey did not disclose a valuation in this round. It is Harvey's first venture round on record, in the year it was founded (2022). It is under 1% of the $1.72B Harvey has raised in the venture rounds on record. Harvey raised again 5 months later: a Series A round of $21M in Apr 2023. Its next priced round, a Series B in Dec 2023, valued it at $715M.
Harvey's funding rounds
Harvey has 9 venture rounds on record. This one is highlighted.
- Seed this round 23 Nov 2022, led by OpenAI Startup Fund $5.0M
- Series A 26 Apr 2023, led by Sequoia Capital $21M
- Series B 19 Dec 2023, led by Kleiner Perkins and Elad Gil $80M$715M post-money
- Series C 23 Jul 2024, led by GV $100M$1.50B post-money
- Series D 12 Feb 2025, led by Sequoia Capital $300M$3.00B post-money
- Series E 23 Jun 2025, led by Kleiner Perkins and Coatue $300M$5.00B post-money
- Series F 4 Dec 2025, led by Andreessen Horowitz $160M$8.00B post-money
- Growth 25 Mar 2026, led by GIC and Sequoia Capital $200M$11.00B post-money
- Growth 9 Sep 2026, led by Diffusion Capital Partners and Lightspeed Venture Partners $550M$15.50B post-money
Investors
Who put money in
OpenAI Startup Fund led the round.
Lead investor
- OpenAI Startup Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations, working capital and sales and marketing.
- Hiring
- Product development
- Scaling operations
- Working capital
- Sales and marketing
Comparable rounds
How it compares
2,609 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.4 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Nov 2022 | $15M | not disclosed | Bain Capital Ventures |
| Tech Companies | 15 Nov 2022 | $14M | not disclosed | Scale Venture Partners |
| Tech Companies | 16 Nov 2022 | $13M | $175M | Redpoint Ventures |
| Tech Companies | 7 Nov 2022 | $10M | not disclosed | Bessemer Venture Partners and CRV |
| Tech Companies | 3 Nov 2022 | $10M | not disclosed | Lakestar and Vsquared |
| Tech Companies | 3 Nov 2022 | $10M | not disclosed | Blackbird and Airtree |
| Tech Companies | 9 Nov 2022 | $10M | not disclosed | Hashed and Race Capital |
| Tech Companies | 3 Nov 2022 | $9.5M | not disclosed | Buoyant Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Harvey raise in its Seed round?
Harvey raised $5.0M in its Seed round, announced in Nov 2022.
Who led Harvey's Seed round?
OpenAI Startup Fund led it.
What was Harvey's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,609 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.4 times the median.
Did Harvey raise again after this round?
Yes: a Series A round in Apr 2023 of $21M.