Harvey, the startup transforming the legal industry, has raised a fresh $150 million funding round led by Andreessen Horowitz. The latest deal pushes its valuation to $8 billion. This marks Harvey’s third major raise of 2025, following a €50 million investment from EQT Growth earlier this year.
Its earlier supporters include Sequoia Capital, Coatue Management, the OpenAI Startup Fund, GV, Elad Gil, and Kleiner Perkins. Together, they’ve fueled Harvey’s total fundraising to roughly $750 million this year alone.
Reinvents legal practices
Founded in 2022 in San Francisco by Winston Weinberg, a former securities and antitrust litigator, and Gabriel Pereyra, a research scientist with experience at DeepMind and Meta, Harvey is tackling long-standing inefficiencies in the legal sector.
Harvey builds advanced tools that streamline legal tasks, helping law firms and in-house teams work faster and smarter. Its products are designed to analyse contracts, draft documents, and summarise case materials, cutting down the hours lawyers spend on repetitive paperwork. The company’s vision is simple but bold: to free legal professionals from administrative burdens so they can focus on strategy and client relationships.
The timing couldn’t be better. Law firms worldwide are under pressure to modernise, reduce costs, and stay competitive. Harvey’s solutions are now being viewed not as optional, but as essential tools for the next generation of legal practice.
Dominates legal tech’s next frontier
The legal AI market is heating up, with competitors racing to capture law firms hungry for efficiency and accuracy. Harvey’s blend of technology and legal expertise gives it a distinct edge, positioning it as a frontrunner in a field that’s quickly moving from experimentation to necessity.
With its new funding and surging valuation, Harvey is poised to expand globally, refine its product suite, and cement its role as the go-to platform for modern legal professionals. As the legal world steps into a more automated era, the company is setting the standard.
Source: Tech Funding News