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May 15, 2025 - Deals
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
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC