From the source
Harvey today announced that Teachers' Venture Growth (TVG), the late-stage venture and growth investment platform of Ontario Teachers' Pension Plan (Ontario Teachers’), has completed a US$50 million investment in the company.
The investment is an extension of the recent round co-led by Diffusion and Lightspeed Venture Partners, and brings the total amount raised to US$600 million.
"Harvey has already built a strong position with Canadian customers, and as a Canadian institution we are positioned to help accelerate it,” said Rick Prostko, Senior Managing Director, Teachers' Venture Growth.
"Harvey Tenet helps set the company apart.
Harvey post-trained its own model, so it controls more of the intelligence behind its products.
That is a durable advantage, and it compounds into better product and faster customer adoption."
"Ontario Teachers' is one of the most respected long-term investors in the world, and we feel fortunate to have them as part of Harvey,” said Winston Weinberg, CEO of Harvey.
“This partnership will expand our efforts to serve all Canadian legal teams and help them own their intelligence.”
The investment comes as Harvey deepens its commitment to Canada.
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