+39%

est. 2Y upside i

Legal TechAI & MLSeries D+

Harvey is a Sequoia-backed company since 2023.

Rank

#1187

Sector

Legal Tech, Artificial Intelligence

Est. Liquidity

~4Y

Data Quality

Data: Medium

Harvey offers high potential upside but with significant risk.

Last updated: July 21, 2026

Bull (25%)+80%

Multiple holds at 30x due to IPO window and category leadership, but capped at +100% by stage constraint. After 20% dilution, net upside 80%.

Base (30%)+107%

Multiple compresses to 10x (mid of public comp range), exit value ~$25B. After 20% dilution, net upside 107%.

Bear (45%)-29%

Multiple falls to 4x due to incumbent competition and slowing growth. Exit ~$10B, 9% loss before 20% dilution adjustment, net -29%.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

1110%

Total funding $1.22B is 11% of valuation, so preference stack is moderate but not severe.

Dilution Risk

high

Given 290% growth and no profitability, additional capital likely needed within 2 years, diluting existing holders.

Secondary Liquidity

none

No secondary market activity reported; equity is illiquid until an exit event.

Go to Market — 46 roles

Legal — 17 roles

Design — 16 roles

Recruiting — 16 roles

Marketing — 8 roles

View all 209 open roles at Harvey →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Harvey's data — designed to show you've done your homework.

  • 1

    “How does Harvey plan to defend against incumbent AI providers like OpenAI expanding into legal vertical?”

  • 2

    “What is the path to profitability given high growth and significant R&D spend?”

  • 3

    “How does the equity structure vest and what is the expected liquidity event timeline?”

Community

Valuation Sentiment

Our model estimates +39% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.