EvenUp, a legal tech startup that creates artificial intelligence products for the personal injury sector, has raised $150 million in Series E funding at a valuation exceeding $2 billion.
The financing comes nearly one year after EvenUp announced a $135 million Series D at a valuation of more than $1 billion. In total, the San Francisco-based startup has raised $385 million in funding since its 2019 inception — closing four rounds since 2023.
Repeat backer Bessemer Venture Partners led the startup’s latest raise, which also included participation from REV — the venture capital arm of RELX, which owns LexisNexis Legal & Professional — as well as SignalFire, B Capital, Adams Street Partners, Bain Capital Ventures, HarbourVest Partners, Lightspeed Venture Partners and Broadlight Capital.
EvenUp’s platform is powered by an AI model that is trained on hundreds of thousands of injury cases, medical records and internal legal knowledge. The platform helps with document generation, and case and negotiation preparation.
“Legal AI is no longer a side bet; it’s becoming the backbone of personal injury law,” said Rami Karabibar, CEO and co-founder of EvenUp, in a release. He said that in the past six months alone, volume on the company’s platform nearly doubled to 10,000 cases per week.
Venture funding to legal tech startups has already hit a record high in 2025, driven by investor enthusiasm for AI’s potential to bring more automation to the legal profession. On Sept. 23, Filevine, a provider of legal practice management software, announced that it closed on two previously undisclosed rounds totaling $400 million. Insight Partners led the first round and joined Accel and Halo Experience Co. to co-lead the second.
Per Crunchbase data, companies in the legal and legal technology sectors have raised just over $2.5 billion as of early October in seed through growth-stage funding. With three months left in the year, it’s already the highest annual total on record.
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Illustration: Dom Guzman
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- Source: https://news.crunchbase.com/venture/legal-tech-ai-unicorn-evenup-ai-doubles-valuation/
