Artificial intelligence legal platform Harvey continues its aggressive expansion, announcing new investments from Wall Street heavyweights Goldman Sachs Alternatives and JP Morgan’s Growth Equity Partners.
While the exact financial terms of this latest investment remain undisclosed, the backing comes hot on the heels of a massive $200 million funding round in March. T
hat earlier round, co-led by venture capital giant Sequoia and Singapore sovereign wealth fund GIC, catapulted Harvey to a staggering $11 billion valuation.
Harvey CEO Winston Weinberg emphasized the strategic importance of the new partnerships. “We are thrilled to welcome JP Morgan Growth Equity Partners and Goldman Sachs Alternatives to Harvey,” Weinberg said.
“As we scale, bringing on marquee investors for our next stage of growth is critical, and we feel fortunate to have two of the best names in the investment space as part of Harvey.”
The confidence from top-tier financial institutions serves as a major validation for the platform’s technology.
Nico Belmonte, VP of Engineering and New York site lead for Harvey, took to LinkedIn to highlight the achievement: “Two of the most demanding institutions in finance looked at what we’re building for professional services and decided to back it.”
Growth and Strategic Acquisitions
The Wall Street backing caps off a period of hyper-growth for Harvey, which reported adding over $100 million in Annual Recurring Revenue (ARR) in the first quarter of the year.
To maintain this momentum, Harvey has executed a highly aggressive M&A strategy, snapping up three companies already this year.
Earlier this month, it acquired Benchmark, a New York-based AI platform focused on investment firms, aimed at accelerating Harvey’s asset management capabilities. This follows the March acquisition of AI customer integration start-up Lume, and the January purchase of AI product demo company Hexus.
The Legal Tech AI Arms Race
This latest funding injection highlights the booming, high-stakes nature of the legal tech market. Goldman Sachs has shown a sustained appetite for legal technology; its asset management arm previously participated in a $500 million Series G funding round for Canadian law practice management giant Clio last November, and led a Series E round for Japanese legal tech start-up LegalOn in July 2025.
The rivalry among legal AI platforms is only intensifying. Just this week, Harvey’s primary competitor, Legora, which has become something of a legal tech darling with similar growth and acquisitions, agreed to acquire UK-based AI litigation intelligence start-up Wexler, marking Legora’s fifth acquisition this year as the race to dominate AI-driven legal services accelerates.
