By Alexandra Sternlicht | Yahoo Finance
Happy Monday. It’s Alexandra Sternlicht subbing for Allie.
Today, we’re sharing news that legal LLM Harvey raised a $300 million Series E at a $5 billion valuation. The company, which sells lawyers AI solutions, lists large law firm customers like Paul, Weiss as well as in-house legal departments at major corporations, including KKR and PwC. With the fresh funding, Harvey plans to double its headcount to expand its global presence and diversity into new professional services like tax accounting.
“If you expand as quickly as we are, you just need to do raises like this,” says Winston Weinberg, who is the company’s CEO, cofounder and a lawyer. Though Harvey is only about three years old, it has clients in 53 countries and boasts a 340-plus person headcount.
