Funding round
Harvey Series D
Harvey, which works in AI-Powered legal document research services in San Francisco, raised $300M in a Series D round announced on 12 Feb 2025, led by Sequoia Capital, at a $3.00B post-money valuation. 9 firms took part. It is Harvey's fifth venture round on record; the one before was a Series C in Jul 2024.
$300M
Amount raised
$3.00B
Post-money valuation
$1.50B pre-money
9
Investors
1 lead
2.0x
Step-up from the Series C
$1.50B in Jul 2024
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Harvey at $3.00B after the new money, 2.0 times the $1.50B of its Series C (Jul 2024). The $300M bought investors about 10% of the company. It came 7 months after Harvey's Series C. It is 17% of the $1.72B Harvey has raised in the venture rounds on record. Harvey raised again 4 months later: a Series E round of $300M in Jun 2025, at $5.00B 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 23 Jul 2024, led by GV $100M$1.50B post-money
- Series D this round 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
Sequoia Capital led the round with 8 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Kleiner Perkins backs 285 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- Elad Gil new investor
- backs 44 venture-backed companies new investor
- OpenAI Startup Fund new investor
- Coatue backs 229 venture-backed companies new investor
- LexisNexis new investor
- backs 16 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lambda Tech Companies | 19 Feb 2025 | $480M | $2.50B | Andra Capital and SGW |
| Abridge Tech Companies | 17 Feb 2025 | $250M | $2.75B | Elad Gil and Institutional Venture Partners |
| Tech Companies | 6 Feb 2025 | $45M | not disclosed | Updata Partners |
| Fleetio Tech Companies | 25 Mar 2025 | $450M | $1.50B | Elephant and Goldman Sachs Alternatives |
| Synthesia Tech Companies | 14 Jan 2025 | $180M | $2.10B | New Enterprise Associates |
| Tech Companies | 17 Jan 2025 | $100M | $1.24B | Qatar Investment Authority |
| Tech Companies | 16 Jan 2025 | $90M | not disclosed | Point72 Ventures and Point72 |
| Tech Companies | 1 Mar 2025 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Harvey raise in its Series D round?
Harvey raised $300M in its Series D round, announced in Feb 2025.
Who led Harvey's Series D round?
Sequoia Capital led it, with Kleiner Perkins, GV, Elad Gil, Conviction and OpenAI Startup Fund and 3 more.
What was Harvey's valuation at the Series D round?
$3.00B post-money ($1.50B pre-money).
How does it compare with other Series D rounds in Tech Companies?
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median.
Did Harvey raise again after this round?
Yes: a Series E round in Jun 2025 of $300M at $5.00B post-money.