The late-stage venture deal extends Harvey's recent funding round to US$600 million and deepens the AI company's Canadian footprint
Maple Eight fund Ontario Teachers’ Pension Plan has invested US$50 million in Harvey, a Canadian firm developing AI tools for law firms, the Plan announced in a press release on Thursday.
The investment was made by Teachers' Venture Growth (TVG), the late-stage venture and growth investment platform of Ontario Teachers'.
The deal extends Harvey's recent funding round, co-led by Diffusion and Lightspeed Venture Partners, bringing total capital 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 of Teachers' Venture Growth, in a statement.
According to the release, the investment coincides with a broader push by Harvey into the Canadian market. The company now works with more than 100 Canadian law firms and legal teams, including Davies Ward Phillips & Vineberg LLP, Dentons Canada, and Gowling WLG.
New customers announced alongside the funding include full-service firms Blaney McMurtry, Cain Lamarre, Lavery, MLT Aikins, and Torkin Manes, as well as boutique firms Epstein Cole and Lenczner Slaght.
In-house legal teams at AtkinsRéalis, Dentalcorp, and RONA have also signed on.
"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 in a statetement. "This partnership will expand our efforts to serve all Canadian legal teams and help them own their intelligence."
Harvey opened a Toronto office in 2025 and now employs more than 30 people in Canada across engineering, customer success, sales, and legal innovation. The company recently hired Erin Kanygin as a Legal Innovation Partner. Kanygin joins from Stewart McKelvey in Halifax and will work alongside Joe Marando, a Toronto-based counterpart and former Director of AI and Legal Technology at Fasken.
Harvey describes itself as an operating system for legal and professional services. The company is backed by Sequoia, Kleiner Perkins, a16z, and others, and says it serves more than 3,000 customers in over 70 countries.
"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,” said Prostko.
