Legal AI startup Harvey raises €50M in funding from EQT Growth to fuel global expansion

Harvey is stepping on the gas. The legal AI startup has secured a €50 million strategic investment from EQT Growth to push its global expansion plans forward. The funding comes just months after its $300 million Series E in June, underscoring investor confidence in Harvey’s ability to reshape how legal and professional services operate at scale.

Harvey has quickly become a standout in legal tech, merging deep legal expertise with AI systems that handle complex workflows for major law firms and Fortune 500 companies. Bloomberg confirmed the funding, reporting: “Legal services platform Harvey has raised €50 million ($59 million) in a strategic investment from an EQT AB fund to support the company’s international expansion.”

“At EQT we have the privilege of backing some of the world’s best technology businesses. Having looked at the AI professional services market in great detail, it was clear that Harvey was the leader to bet on. Their product, team, adoption, usage and client roster are standouts not just in their market but among software companies more broadly,” said Patrick McBride, Managing Director at EQT.

We featured Harvey in August after the three-year-old announced it crossed the $100 million ARR mark, making it one of the fastest-growing AI companies. The milestone came just two months after Harvey hit a $5 billion valuation off the back of a $300 million Series E round led by top-tier investors.

The company’s technology is now embedded into day-to-day operations at some of the world’s most influential firms. Its integrated systems speed up contract analysis, due diligence, compliance, and litigation work. Adoption is remarkably high, with firmwide usage rates topping 90 percent and retention metrics that place Harvey among the top performers in enterprise software. Clients include 45 of the AmLaw 100, firms like A&O, Shearman, and Hengeler Mueller, and major enterprises such as Bridgewater, Deutsche Telekom, Repsol, and Bayer.

Harvey’s investor list reads like a who’s who of tech backers. Sequoia, Google Ventures, Elad Gil, Kleiner Perkins, Coatue, the OpenAI Startup Fund, and RELX Ventures are already on board. EQT’s entry gives the company additional reach in Europe and Asia, where the investor has deep roots and a strong platform.

Harvey is now used by 700 customers across 58 countries. It has formed key partnerships with LexisNexis, iManage, and Wolters Kluwer, and is branching into adjacent regulated industries, including professional services and private markets.

“Legal teams need a fast pace on AI innovation and the highest commitment to security and privacy. Harvey’s goal is to provide both. Our partnership with EQT, one of the world’s largest private investors and a leader in Europe and Asia, reflects our commitment to delivering for customers not just in the US but on a global scale,” said Winston Weinberg, Co-Founder at Harvey.

EQT Bets €50M on Harvey to Expand Legal AI Across Europe, Asia, and the U.S.

Dominik Stein, Partner and Head of EQT Growth, added, “EQT’s deep European heritage, combined with its global platform at scale across Europe, Asia, and North America, is perfectly placed to support Harvey as it continues to build upon its leading positions in Europe and the US. We’re incredibly excited to partner with the company in this exciting stage of growth.”

The fresh investment signals Harvey’s ambitions to cement its position as the go-to legal AI platform worldwide—and EQT’s bet shows heavyweight investors see it the same way.

Founded in 2022 by Weinberg and Gabe Pereyra, Harvey is part legal startup, part AI experiment gone right. Weinberg, a former associate at O’Melveny, partnered with Pereyra, a former DeepMind and Meta researcher. The idea came after the duo started playing with GPT-3 and saw how it could dramatically speed up legal workflows.