Harvey confirms $11B valuation Sequoia triples down | TechCrunch

Image for article Harvey confirms $11B valuation Sequoia triples down | TechCrunch
News Source : TechCrunch

News Summary

  • Harvey, a legal tech startup, has raised $200 million from investors including Sequoia and Singapore’s GIC.
  • 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, and was at $5 billion from Kleiner Perkins and Coatue in June.Sequoia has now co-led three of its rounds since its Series A, a move partner Pat Grady acknowledged was an unusually large show of faith for the VC firm.
One of the blockbuster hits of the AI age is, without a doubt, legal tech startup Harvey. On Wednesday, the company confirmed that it had closed a new raise at an $11 billion valuation, after reports [+1028 chars]

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