EQT Ventures & Growth

We partner with founders building Generation-Defining Companies

[Gabe Pereyra @gabepereyra]

Q2 recap for @harvey
- +$100M NNARR
- 53% DAU/MAU

Key hires (including Q1)
- Anique (CPO) - prev VP of Product at Rippling
- Rachel (CMO) - prev CMO at Notion
- Brooks (CISO) - prev CISO at Roblox
- Keith (CSO) - prev CPO at Google

Product
- Agent unification - cloud agents can use all Harvey product surfaces
- Command center (EA) - monitor adoption and ROI by use case
- Contract intelligence (EA) - agentic contracting platform for enterprises

Eng
- Migration to cloud agent infrastructure
- Integrating open source inference providers
- Scaling document processing (54TB / week)

AI
- Legal Agent Bench
- Open source post training
- Published multiple research directions with partners

We invested heavily in cloud agent infrastructure at the end of last year and in Q1. In Q2 we also unified many of our product surfaces (collapsed as @winstonweinberg says) by making them all tools accessible by our cloud agents.

Prior to this, there were a lot of capabilities in Harvey that were often only discovered by power users. As cloud agents get better and our product becomes more connected we are seeing users discover more of the product by learning from their agents (see plot of product surfaces per user).

[Molly O’Shea @MollySOShea]

NEW: Inside $11B @harvey HQ w/ CEO Winston Weinberg

Exclusive tour of their gorgeous SF office & an update on their scale..

TLDR: they're ripping.

At 4 years old, Harvey has reached:
- Passed $300M ARR this month (3x growth from $100M last August)
- Nearly 1K employees, 12 global offices
- ~2,000 customers
- DAU/MAU up from 36% to 52% this year
- 42% of revenue from in-house corporates
- Token usage: 1T in January to a projected 13T this month

The $11 billion AI platform now used by 2/3 of the AmLaw 100 & 500+ in-house legal teams including HSBC, Bridgewater, Carvana, Blue Owl

"I think every single company is going to sell intelligence." - @winstonweinberg

Co-Founder @gabepereyra + Head of Applied Research @nikogrupen coming on next 👀

𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Winston Weinberg, Co-Founder & CEO at Harvey
(00:45) Inside Harvey HQ
(03:17) Harvey by the numbers
(04:11) How Harvey expands globally
(05:16) Why Harvey employs 200+ lawyers
(06:30) The philosophy behind Harvey's office
(07:35) The loudest lunch culture in tech
(09:03) Winston's favorite room
(10:04) Eight Airbnbs before a real office
(12:58) Inside a $300M ARR company
(14:20) Tripling revenue in under a year
(15:35) What $1B+ unlocks
(17:36) Building an AI native company
(21:10) Convincing lawyers to join tech
(22:14) The biggest adjustment for lawyers in tech
(23:26) Build vs buy
(26:59) What SaaS got away with that AI can't
(28:39) Financing 13 trillion tokens
(30:05) Why the labs can't just copy Harvey
(31:18) Competing with OpenAI & Anthropic
(32:03) Will the labs start acquiring?
(32:50) Does every task need frontier intelligence?
(34:23) Why legal benchmarks are broken
(35:30) Ordering the same meal 467 times

[Winston Weinberg @winstonweinberg]

Spent some time with @MollySOShea talking about big numbers like how we tripled our growth, 13x'd our token spend, and I personally ordered the same meal more than 450 times

[Pari Singh @parisingh]

Agents have reached hardware.

We are launching Flow v3, the Agentic Platform for Physical Engineering.

We've spent over a year building it in secret, alongside the best hardware companies and AI research labs.

An agent can now do real engineering work: change a requirement, push the update into your CAD and simulation tools, and flag every test that needs to rerun. Iterations/learning cycles that took months are being reduced to days.

Agents are the biggest shift in how we engineer hardware since CAD.

The core innovation for the CAD era was the parametric model.
The core innovation for the Agentic Era is Flow's Systems Graph.

The systems graph is a living model of every requirement, design model, test, analysis and every connection between them. It gives every agent the full context of the system, so every change stays consistent across the whole design.

Engineers and agents work side by side on the same system. Engineers get to focus on architecture - the decisions that matter -while thousands of agents churn through rewriting reports, rerunning analysis and simulation, and triggering tests.

Reusable rockets, self-driving cars, small modular reactors, robots that make decisions, the most complex machines ever built, are defined by millions of interconnected requirements, far beyond what any human team can keep aligned on its own.

Rivian, Joby, Astranis, Skydio, Radiant, and the most ambitious hardware programs already build on Flow.
More on the launch in the comments.

@buildonfloweng

[Jessica Rosencrantz @Rosencrantz_J]

EQT väljs ut att leda EU:s nya Scaleup Europe Fund på €5 miljarder. Ett kvitto på vårt svenska ledarskap när det kommer till tillväxt och kapitalmarknader.

EQT har i decennier möjliggjort tillväxtresor för otaliga svenska och europeiska succébolag.

I Sverige vet vi hur man bygger innovativa bolag i världsklass. Nu behöver hela EU växla upp. 🇸🇪🇪🇺

[EQT Ventures & Growth @eqtventures]

That will require collaboration across founders, investors, corporates and policymakers, and we’re excited to help drive that effort together. Who should we speak to across Europe? https://t.co/xjmcmAmw79

[EQT Ventures & Growth @eqtventures]

For Europe 🇪🇺

We’re incredibly excited to share that EQT has been selected by the @EU_Commission and fellow Founding Investors from across Europe to lead the Scaleup Europe Fund.

[EQT Ventures & Growth @eqtventures]

The ambition behind the Scaleup Europe Fund is to help change that. Most importantly, this is about more than capital. It’s about raising ambition across the ecosystem and helping build the next generation of global winners out of Europe.

[Harvey @harvey]

Last night, Harvey signed our 101st Am Law 200 firm, so we now serve the majority of Am Law 200 and 60+ of the Am Law 100 firms.

Job's Not Finished.

[1X @1x_tech]

Building Your NEO

[Harvey @harvey]

Announcing Harvey Agents that execute legal work end-to-end.

They reason through problems and draft memos, presentations, and diligence reports ready for your review.

Delegate the work. Own the judgment.

Learn more: https://t.co/oylWVWZzAA

[EQT Ventures & Growth @eqtventures]

Congrats to @PhilipJohnston , @AdiOltean , @ezrafeilden and the entire Starcloud team 👏 Deal team: @tedpersson , @sandraemalmberg 👋, @saisriramagiri , Hampus Särnbratt

[EQT Ventures & Growth @eqtventures]

Data centers in space. @Starcloud_ is taking on one of the biggest constraints in AI today: energy. In just 17 months since @ycombinator , the company has reached unicorn status, the fastest in YC history. We’re excited to lead the $170M Series A along with @benchmark .

[EQT Ventures & Growth @eqtventures]

This is a bold rethinking of AI infrastructure, and a glimpse of where the next decade of compute might be built.

[Harvey @harvey]

Announcing Harvey's 2025 Year in Review.

Highlights:
- 1000+ total customers in 59+ countries
- 500+ employees
- $190M+ in ARR
- 81% increase in DAU/MAU
- 262 platform upgrades, including several new products and integrations

Read the full report below:

[Oliver Cameron @olivercameron]

The dawn of a world simulator.

https://t.co/rohljEzfw0

[Lovable @Lovable]

Announcing Lovable raised $330M at a $6.6B valuation.

We launched Lovable to empower the 99%, the people with ideas who don’t code.

Now everyone is a builder: founders, teachers, artists, and teams inside the world's largest companies.

Meet some of those incredible builders: