Harvey AI In Talks To Raise $250M At $5B Valuation Led By Kleiner Perkins And Coatue

Legal tech startup Harvey AI, founded in 2022 and led by CEO Gabriel Pereyra, is in advanced talks to raise over $250M in a new funding round that could value the company at $5B, up from $3B just months ago, according to Reuters. The round may be led by Kleiner Perkins and Coatue, with existing backer Sequoia Capital expected to increase its stake. Harvey’s rapid revenue growth—hitting a $75M annualized run rate in April—has been driven by partnerships with firms like PwC and strong enterprise adoption. The company builds AI tools for legal professionals, focusing on areas like M&A compliance and internal legal operations. POSSIBLE INVESTORS: Kleiner Perkins, Coatue & Sequoia Capital AMOUNT: $250,000,000 VALUATION: $5,000,000,000 HQ: #SanFrancisco #California #VentureCapital #HarveyAI #KleinerPerkins #Coatue #SequoiaCapital #GabrielPereyra #TradedVC