---
title: "Harvey revenue and valuation"
description: "Harvey's ARR is estimated at $340M–$530M, last reported at $350M. Valued at $15.5B after raising $1.77B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/harvey.md
canonical_url: https://www.tryspecter.com/revenue-valuation/harvey
publisher: Specter
last_updated: 2026-11-01
---

# Harvey revenue and valuation

Specter estimates Harvey's annual revenue at $340M to $530M and its valuation at $12.9B to $18.6B. The company last reported $350M ARR in August 2026 and was priced at $15.5B in September 2026.

Harvey automates legal research, contract analysis, and document review for law firms.

- Estimated revenue: $340M to $530M (October 2026)
- Estimated valuation: $12.9B to $18.6B (October 2026)
- Last reported ARR: $350M (August 2026)
- Total funding: $1.77B
- Founded: 2022
- Headquarters: San Francisco, United States
- Employees: 2,013
- Sector: Legal AI
- Specter Rank: #8,391

## Harvey revenue

Harvey grew from $50M ARR in December 2024 to $350M in August 2026. Specter's model puts current ARR between $340M and $530M, anchored to eight reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $350M ARR | August 2026 | [Harvey is raising at $15.5bn, up 40% in five months](https://thenextweb.com/news/harvey-legal-ai-15-5bn-valuation-500m-raise-vertical-ai) (thenextweb.com) |
| $300M ARR | June 2026 | [Harvey employs 200+ former lawyers.](https://x.com/sourceryy/status/2068471708143829077) (x.com) |
| $200M ARR | March 2026 | [Why legal tech giant Harvey is raising cash like OpenAI](https://www.businessinsider.com/harvey-ceo-winston-weinberg-200-funding-round-2026-3) (businessinsider.com) |
| $195M ARR | December 2025 | [Harvey went from $10M ARR in late 2023 to $195M by end of 2025. Nearly 4x year over year. They crossed $100M ARR in August 2025, just three…](https://x.com/DrivenInvestor/status/2036918683952357395) (x.com) |
| $190M ARR | December 2025 | [Harvey just quadrupled its valuation in 12 months on $190M in ARR.](https://x.com/aakashgupta/status/2021089670390854073) (x.com) |
| $150M ARR | November 2025 | [I sat down with Winston Weinberg, co-founder of Harvey.](https://www.linkedin.com/posts/wouter-teunissen-97a42490_i-sat-down-with-winston-weinberg-co-founder-activity-7397027602437414912-VFWW) (linkedin.com) |
| $100M ARR | August 2025 | [Legal AI startup Harvey hits $100 million in annual recurring revenue](https://x.com/CNBCtech/status/1952354985494138882) (x.com) |
| $50M ARR | December 2024 | [Exclusive: Legal AI startup Harvey lands fresh $300 million in Sequoia-led round as CEO says on target for $100 million annual recurring re…](https://fortune.com/2025/02/12/legal-ai-startup-harvey-300-million-series-d-funding-3-billion-valuation-sequoia/) (fortune.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $420M | $340M | $530M |
| September 2026 | $370M | $310M | $460M |
| August 2026 | $350M | $290M | $420M |
| July 2026 | $320M | $270M | $390M |
| June 2026 | $300M | $250M | $360M |
| May 2026 | $260M | $210M | $320M |
| April 2026 | $230M | $189M | $280M |
| March 2026 | $200M | $166M | $240M |
| February 2026 | $197M | $159M | $240M |
| January 2026 | $193M | $158M | $240M |
| December 2025 | $190M | $158M | $230M |
| November 2025 | $150M | $125M | $180M |
| October 2025 | $131M | $105M | $163M |
| September 2025 | $114M | $93M | $140M |
| August 2025 | $100M | $83M | $120M |
| July 2025 | $92M | $74M | $114M |
| June 2025 | $84M | $64M | $111M |
| May 2025 | $77M | $60M | $100M |
| April 2025 | $71M | $55M | $91M |
| March 2025 | $65M | $50M | $84M |
| February 2025 | $59M | $47M | $75M |
| January 2025 | $55M | $43M | $69M |
| December 2024 | $50M | $42M | $60M |
| November 2024 | $50M | $40M | $62M |
| October 2024 | $34M | $16M | $52M |
| September 2024 | $29M | $15M | $44M |
| August 2024 | $40M | $14M | $65M |
| July 2024 | $27M | $12M | $42M |
| June 2024 | $21M | $12M | $30M |

## Harvey valuation

Harvey's valuation rose from $150M at its Series A in April 2023 to $15.5B at its Series H in September 2026. Specter's live estimate sits between $12.9B and $18.6B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $15.5B | $12.9B | $18.6B |
| September 2026 | $15.5B | $12.9B | $18.6B |
| August 2026 | $11.1B | $9.11B | $13.6B |
| July 2026 | $8B | $6.65B | $9.62B |
| June 2026 | $11B | $9.15B | $13.2B |
| May 2026 | $11B | $9.15B | $13.2B |
| April 2026 | $11B | $9.15B | $13.2B |
| March 2026 | $11B | $9.15B | $13.2B |
| February 2026 | $11B | $9.15B | $13.2B |
| January 2026 | $8B | $6.65B | $9.62B |
| December 2025 | $8B | $6.65B | $9.62B |
| November 2025 | $8B | $6.52B | $9.82B |
| October 2025 | $8B | $6.65B | $9.62B |
| September 2025 | $6.84B | $5.45B | $8.58B |
| August 2025 | $5.85B | $4.79B | $7.14B |
| July 2025 | $5B | $4.16B | $6.01B |
| June 2025 | $5B | $4.16B | $6.01B |
| May 2025 | $5B | $4.16B | $6.01B |
| April 2025 | $4.22B | $3.4B | $5.24B |
| March 2025 | $3.56B | $2.9B | $4.36B |
| February 2025 | $3B | $2.5B | $3.61B |
| January 2025 | $2.72B | $2.19B | $3.37B |
| December 2024 | $2.46B | $2.02B | $3B |
| November 2024 | $2.23B | $1.84B | $2.7B |
| October 2024 | $2.02B | $1.69B | $2.42B |
| September 2024 | $1.83B | $1.52B | $2.19B |
| August 2024 | $1.66B | $1.39B | $1.98B |
| July 2024 | $1.5B | $1.25B | $1.8B |
| June 2024 | $5B | $4.16B | $6.01B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $15.5B | November 2026 | [businessinsider.com](https://www.businessinsider.com/legal-ai-startup-harvey-early-ipo-talks-latham-watkins-2026-11) |
| $15.5B | September 2026 | Funding round |
| $8B | July 2026 | [businessinsider.com](https://www.businessinsider.com/harvey-ceo-winston-weinberg-early-tactic-lawyer-arguments-demo-2026-1) |
| $11B | June 2026 | [law.com](https://www.law.com/legaltechnews/2026/06/16/flush-with-funding-legal-tech-startups-are-rebranding-the-industry/) |
| $11B | May 2026 | [letsdatascience.com](https://letsdatascience.com/news/harvey-demonstrates-dauwaumau-driving-b2b-ai-growth-6529c587) |
| $11B | April 2026 | [siliconrepublic.com](https://www.siliconrepublic.com/jobs-news/ai-legal-tech-harvey-officially-opens-dublin-office-plans-40-jobs-clio) |
| $11B | March 2026 | Funding round |
| $11B | February 2026 | [x.com](https://x.com/aakashgupta/status/2021089670390854073) |
| $8B | January 2026 | [tradingview.com](https://www.tradingview.com/news/reuters.com,2026:newsml_L6N451149:0-legal-ai-startup-harvey-reaches-15-5-billion-valuation-in-new-funding-round/) |
| $8B | December 2025 | [iblnews.org](https://iblnews.org/story/harvey-with-100m-in-arr-reaches-a-valuation-of-8b-doubling-its-valuation) |
| $8B | October 2025 | Funding round |
| $5B | July 2025 | [sfchronicle.com](https://www.sfchronicle.com/realestate/article/ai-startup-sf-office-space-20761679.php) |
| $5B | June 2025 | Funding round |
| $5B | May 2025 | [finance.yahoo.com](https://finance.yahoo.com/news/exclusive-legal-startup-harvey-ai-164705956.html) |
| $3B | February 2025 | Funding round |
| $1.5B | July 2024 | Funding round |
| $5B | June 2024 | [techcrunch.com](https://www.techcrunch.com/latest/four-months-after-a-3b-valuation-harvey-ai-grows-to-5b/) |
| $5B | April 2024 | [techfundingnews.com](https://techfundingnews.com/harvey-300m-series-e-funding-5b-valuation/) |
| $715M | December 2023 | Funding round |
| $150M | April 2023 | Funding round |

## Harvey funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 9 Sep 2026 | Series H | $550M | $15.5B | Diffusion, Lightspeed Venture Partners |
| 28 Jul 2026 | Venture round | Undisclosed | Undisclosed | Goldman Sachs Alternatives, J.P. Morgan Growth Equity Partners |
| 25 Mar 2026 | Series G | $200M | $11B | GIC, Sequoia Capital |
| 30 Oct 2025 | Series F | $160M | $8B | Andreessen Horowitz |
| 6 Oct 2025 | Series E | $59M | $5B | EQT Growth |
| 23 Jun 2025 | Series E | $300M | $5B | Kleiner Perkins, Coatue |
| 12 Feb 2025 | Series D | $300M | $3B | Sequoia Capital |
| 23 Jul 2024 | Series C | $100M | $1.5B | Google Ventures |
| 19 Dec 2023 | Series B | $80M | $715M | Kleiner Perkins |
| 11 Apr 2023 | Series A | $21M | $150M | Sequoia Capital |
| 23 Nov 2022 | Seed | $5M | Undisclosed | OpenAI Startup Fund |

## Harvey vs competitors

The legal AI market divides between specialized contract automation and comprehensive research workspaces.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Harvey | $340M–$530M | $12.9B–$18.6B |
| LexisNexis (lexisnexis.com) | $2.1B–$3.15B | $1.14B–$5.25B |
| Casetext, Part of Thomson Reuters (casetext.com) | $700K–$3.6M | No estimate |
| Luminance (luminance.com) | $23M–$110M | $300M–$710M |
| Lexroom (lexroom.ai) | $29M–$41M | $230M–$700M |

## Questions

### What is Harvey's revenue?

Specter estimates Harvey's annual recurring revenue at $340M to $530M as of October 2026. Harvey last reported $350M ARR in August 2026, up from $50M in December 2024.

### What is Harvey's valuation?

Harvey's latest post-money valuation is $15.5B, from a September 2026 Series H. Specter's live estimate is $12.9B to $18.6B.

### What is Harvey's revenue multiple?

Harvey is valued at about 44.3× ARR, based on its $15.5B September 2026 valuation and $350M last reported ARR. That works out to roughly $174K of ARR per employee.

### How much funding has Harvey raised?

$1.77B across 11 rounds, from a $5M Seed in November 2022 to a $550M Series H in September 2026.

### Who invested in Harvey?

32 investors, including Diffusion, GIC, Goldman Sachs Alternatives, J.P. Morgan Growth Equity Partners, Lightspeed Venture Partners and Sequoia Capital.

### Who are Harvey's competitors?

LexisNexis, Casetext, Part of Thomson Reuters, Luminance and Lexroom. Specter ranks 30 competitors for Harvey.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Harvey revenue and valuation." tryspecter.com/revenue-valuation/harvey. Updated November 2026.