What is EvenUp?
EvenUp operates at the intersection of law and artificial intelligence, developing sophisticated AI-powered platforms designed to assist personal injury law firms. The company's technology analyzes extensive legal and medical documentation to aid attorneys in generating demand packages, accurately evaluating damages, and optimizing overall legal case management. By leveraging advanced technological capabilities, EvenUp empowers law firms to boost operational efficiency, reduce administrative overhead, improve the precision of case assessments, and ultimately achieve superior client outcomes while managing an increased caseload effectively. The company's focus on integrating AI into the legal sector positions it as a key player in the legal tech landscape.
How much funding has EvenUp raised?
EvenUp has raised a total of $335.5M across 3 funding rounds:
Series B
$50.5M
Series D
$135M
Series E
$150M
Series B (2023): $50.5M with participation from Clio Ventures, Bessemer Venture Partners, and Bain Capital Ventures
Series D (2024): $135M led by Bessemer Venture Partners, Bain Capital Ventures, Lightspeed Venture Partners, Premji Invest, and SignalFire
Series E (2025): $150M supported by Adams Street Partners, HarbourVest Global Private Equity, Bessemer Venture Partners, Bain Capital, SignalFire, REV Venture Partners, and Premji Invest
Key Investors in EvenUp
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911, known for investing in early-stage and growth-stage technology companies across various sectors. Their extensive experience and global presence make them a significant backer of innovative businesses.
Bain Capital Ventures
Bain Capital Ventures is the venture capital arm of Bain Capital, focusing on early-stage investments. They manage substantial capital and have a track record of backing successful technology companies, providing strategic support alongside financial backing.
SignalFire
SignalFire is a technology-driven venture capital firm that utilizes AI and data to support early-stage companies. They offer comprehensive portfolio support, including strategic insights and talent acquisition, across sectors like healthtech, fintech, and cybersecurity.
What's next for EvenUp?
With the recent major strategic investment, EvenUp is poised for accelerated growth and further development of its AI capabilities. The substantial capital raised will likely be directed towards expanding its engineering and data science teams, enhancing its platform's analytical power, and broadening its market reach. Strategic partnerships and further integration into legal practice management systems are anticipated. The company's trajectory suggests a continued focus on innovation, aiming to solidify its position as a leader in AI-driven legal solutions and potentially exploring new verticals within the legal industry. This funding round signals a strong commitment from investors to support EvenUp's mission of transforming legal operations through technology.
See full EvenUp company page
