Funding round
Harvey Series C
Harvey, which works in AI-Powered legal document research services in San Francisco, raised $100M in a Series C round announced on 23 Jul 2024, led by GV, at a $1.50B post-money valuation. 6 firms took part. It is Harvey's fourth venture round on record; the one before was a Series B in Dec 2023.
$100M
Amount raised
$1.50B
Post-money valuation
$1.40B pre-money
6
Investors
1 lead
2.1x
Step-up from the Series B
$715M in Dec 2023
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Harvey at $1.50B after the new money, 2.1 times the $715M of its Series B (Dec 2023). The $100M bought investors about 6.7% of the company. It came 7 months after Harvey's Series B. It is 5.8% of the $1.72B Harvey has raised in the venture rounds on record. Harvey raised again 7 months later: a Series D round of $300M in Feb 2025, at $3.00B post-money.
Harvey's funding rounds
Harvey has 9 venture rounds on record. This one is highlighted.
- Seed 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 this round 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
GV led the round with 5 other firms.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- OpenAI new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
- Elad Gil
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 1.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jul 2024 | $200M | $1.00B | United States Innovative Technology and Thomas Tull’s US Innovative Technology Fund (USIT) |
| Tech Companies | 30 Jul 2024 | $200M | $1.00B | General Atlantic |
| Vanta Tech Companies | 24 Jul 2024 | $150M | $2.45B | Sequoia Capital |
| Chainguard Tech Companies | 25 Jul 2024 | $140M | $1.12B | Redpoint Ventures and Lightspeed Venture Partners |
| Tech Companies | 10 Jul 2024 | $90M | not disclosed | TPG |
| Tech Companies | 17 Jul 2024 | $80M | not disclosed | not named |
| Tech Companies | 9 Jul 2024 | $60M | $500M | Index Ventures |
| Tech Companies | 30 Jul 2024 | $56M | not disclosed | Centana Growth Partners |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Harvey raise in its Series C round?
Harvey raised $100M in its Series C round, announced in Jul 2024.
Who led Harvey's Series C round?
GV led it, with OpenAI, Kleiner Perkins, Sequoia Capital, SV Angel and Elad Gil.
What was Harvey's valuation at the Series C round?
$1.50B post-money ($1.40B pre-money).
How does it compare with other Series C rounds in Tech Companies?
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 1.9 times the median.
Did Harvey raise again after this round?
Yes: a Series D round in Feb 2025 of $300M at $3.00B post-money.