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New Deal


Announced

Completed

Elad Gil and Kleiner Perkins led a $80m Series B round in Harvey.

Financials

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Transaction Value£63m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Private

Completed

Friendly

Domestic

United States

artificial intelligence

Minority

software development

Software

Acquisition

Private Equity

Single Bidder

Synopsis

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Elad Gil and Kleiner Perkins led a $80m Series B round in Harvey, a generative AI company that partners with law firms and legal service providers, with participation from OpenAI Startup Fund and Sequoia. ''Over the past year, Harvey has established itself as a secure generative AI platform for sophisticated professional services and has earned the trust of leading law firms, in-house teams, professional service providers and private equity firms. Engagement on the platform has increased exponentially, revenue has risen more than tenfold since April and we have assembled a world-class, multidisciplinary team,'' Harvey.

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