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Ontario Teachers' Pension Plan Invests US$50 Million in AI Firm Harvey
The investment extends Harvey’s latest funding round to US$600 million as the legal AI company expands tools for law firms and corporate legal teams.
- Ontario Teachers' Pension Plan invested US$50 million in Harvey AI Corp., bringing the company's total funding round to US$600 million.
- Harvey, co-founded by CEO Winston Weinberg, serves 20 per cent of the Fortune 500 and has more than 3,000 customers across 70 countries.
- TVG executive managing director Olivia Steedman said her group tracked Harvey's performance, citing "the capabilities of the team, the product that they're building, the speed at which they're moving" as standout factors.
- Harvey provides tools for contract analysis, due diligence, and compliance, utilizing a Toronto office opened last year to support its legal software operations.
- While facing competition from OpenAI and Anthropic, Harvey differentiates itself by using lower-cost open-weight models like Tenet to reduce reliance on third-party providers.
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Ontario Teachers’ Pension Plan invests US$50 million in AI firm Harvey – 105.9 The Region
TORONTO — Ontario Teachers’ Pension Plan has invested US$50 million in Harvey, a Canadian firm developing AI tools for law firms. The investment was made by Teachers’ Venture Growth. It was part a funding round by Harvey co-led by Diffusion and Lightspeed Venture Partners that raised a total of US$600 million. Harvey’s tools are used in to help streamline work in areas including contract analysis, due diligence, compliance and litigation. It has…
TORONTO, Sept. 24, 2026 /CNW/ -- Harvey today announced that Bold Growth Teachers', the venture capital and venture capital investment platform
·Montreal, Canada
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Total News Sources20
Leaning Left12Leaning Right0Center3Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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