Andreessen Horowitz has led a $150m funding round in San Francisco-based legal AI company Harvey, valuing the fast-growing startup at $8bn, more than doubling its valuation from earlier this year.

The investment marks Harvey’s third raise in 2025, following rounds led by EQT Growth and other top investors, bringing total funding to over $1bn. The company has quickly become one of the world’s most valuable generative AI startups focused on the legal industry.

Founded in 2022 by former litigator Winston Weinberg and ex-DeepMind and Meta researcher Gabriel Pereyra, Harvey develops generative AI tools that automate legal workflows, from contract review and document drafting to regulatory analysis and litigation support.

Thermo Fisher Scientific has agreed to acquire clinical trial software provider Clario from private equity firms Nordic Capital and Astorg Partners in a transaction worth up to $9.4bn, marking one of the largest full private equity exits of the year, according to the Financial Times.

The deal will see Thermo Fisher pay $8.9bn in cash and up to $525m in performance-linked payments. It represents Thermo Fisher’s biggest acquisition since its $17.4bn takeover of PPD in 2021 and expands its presence in the fast-growing digital infrastructure for drug development.

Headquartered in Philadelphia, Clario provides software used to collect and analyse data for clinical trials. Its technology has supported more than 26,000 trials and contributed to 70% of all US drug approvals.

Read more here.

Blackstone has appointed Michele Raba as Head of European Corporate Private Equity as the firm expands its investment activity across the region. Raba, who joins from Apollo Global Management, will assume the role in April 2026, Bloomberg reports.

The appointment follows the promotion of Lionel Assant, who previously led Blackstone’s European private equity operations and now serves as the firm’s Global Co-Chief Investment Officer.

Raba spent 15 years at Apollo, where he oversaw several high-profile European transactions, including Oldenburgische Landesbank, Gamenet, Lottomatica, Ingenico, and The Travel Corporation. He began his career in investment banking at Goldman Sachs in London.

Read more here.

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