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- EvenUp
EvenUp Valuation, Funding & Investors
EvenUp is valued at $2B as of October 2025.
Last EvenUp valuation
$2B
Series E · Oct 2025
Last EvenUp funding round
$150M
Series E · Oct 2025
Cumulative funding EvenUp raised
$371M
across 4 funding rounds
Key investors in EvenUp
Lightspeed Venture Partners
Bessemer Venture Partners
SignalFire
Bain Capital Ventures
B Capital
Premji Invest
About EvenUp
EvenUp is a San Francisco-headquartered AI platform that automates demand letter generation for personal injury law firms handling auto accidents and liability cases. The software analyzes medical bills, police reports, employment records, and expert valuations to compute economic and non-economic damages, producing tailored settlement packages with narrative summaries. EvenUp serves over 1,000 law firms nationwide, integrating with case management systems like Clio to accelerate negotiations and boost recovery values by up to 30 percent.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$2B (Oct 2025)
EvenUp Valuation
EvenUp is currently valued at $2B, based on its Series E in October 2025.
The $150M round was led by Bessemer Venture Partners, with participation from Adams Street Partners, BroadLight Capital, REV, SignalFire, Premji Invest and 4 other investors.
EvenUp's valuation has grown 2.0x from $1B at its Series D in October 2024 to $2B in October 2025, across 2 priced rounds.
EvenUp valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2025 | Series E | $2B |
| Oct 2024 | Series D | $1B |
EvenUp Funding History
EvenUp has raised a total of $371M across 4 funding rounds.
EvenUp's first fundraising round was a $51M Series B in April 2023. The most recent completed round was a $150M Series E in October 2025.
EvenUp funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series E | Bessemer Venture Partners (lead); Adams Street Partners; BroadLight Capital; REV; SignalFire; Premji Invest; Lightspeed Venture Partners; B Capital; Bain Capital; HarbourVest Partners | $150M | $2B | EvenUp develops an AI-powered Claims Intelligence Platform for personal injury law firms, trained on hundreds of thousands of injury cases and millions of medical records. The platform automates document drafting, review, strategizing, and workflows across the case lifecycle from intake to settlement, helping attorneys focus on clients and secure higher damages. It has resolved over 200,000 cases, secured more than $10 billion in damages for victims, and serves over 2,000 U.S. firms, penetrating just 1% of the 39.5 million annual U.S. personal injury cases requiring medical treatment. On October 7, 2025, EvenUp raised a $150 million Series E round led by Bessemer Venture Partners, with participation from B Capital, REV (RELX's venture arm owning LexisNexis), SignalFire, Adams Street Partners, Premji Invest, Bain Capital, HarbourVest Partners, Lightspeed Venture Partners, and Broadlight Capital. This marks the company's fourth funding round in two years, bringing total capital raised to $385 million and post-money valuation to over $2 billion, more than doubling from the prior round in under 12 months. Each round was preempted by investors, reflecting strong market conviction. Funds will support U.S. and Canada team expansion, product development like Mirror Mode for replicating top workflows, and scaling in the $61 billion personal injury market. Customers report strong ROI, including one firm scaling past $500 million in annual results with 70% YoY growth without added headcount, and EvenUp's largest customer paying over $4 million annually. Annual recurring revenue is doubling year-over-year per Fortune reporting, though exact figures unavailable. EvenUp faces competitors like Eve, Supio, and broader legal AI players like $5 billion-valued Harvey, but leads with proprietary data and vertical focus. Bessemer, tripling down since leading the 2023 Series B, positions EvenUp as the gold standard AI partner for personal injury attorneys, akin to essential tools like word processors. |
| Oct 2024 | Series D | Bain Capital Ventures (lead); SignalFire; Premji Invest; Bessemer Venture Partners; Lightspeed Venture Partners; B Capital | $135M | $1B | EvenUp is a San Francisco-based legal technology company founded in 2019 that provides AI-driven solutions for personal injury law firms, including AI-generated demand letters, medical chronologies, case preparation tools, executive analytics, and new products like Case Preparation, Negotiation Preparation, and Case Companion chatbot to streamline workflows from intake to resolution and close the justice gap. The Series D funding round on October 8, 2024, raised $135 million led by Bain Capital Ventures, with participation from Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group, bringing total funding to $235 million, with $220 million raised in the last 18 months. This round valued the company at over $1 billion, achieving unicorn status, one of the largest funding rounds in legal AI history. EvenUp plans to use the funds to accelerate product development, expand its team of over 200 employees, and scale operations globally. |
| Dec 2023 | Series C | Lightspeed Venture Partners (lead) | $35M | - | EvenUp is a San Francisco-based legal technology company founded in 2019 that provides AI-powered tools for personal injury lawyers, including automated demand letters, medical chronologies, case preparation, and analytics to improve settlement outcomes and close the justice gap. The company raised a Series C round of $35 million in December 2023 led by Lightspeed Venture Partners. This followed a Series B of $50.5 million in April 2023 led by Bessemer Venture Partners. Lightspeed continued participating in later rounds, including EvenUp's Series D. EvenUp's Series D was a $135 million raise in October 2024 led by Bain Capital Ventures with participation from Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group, bringing total funding to $235 million and valuation over $1 billion. The round expanded EvenUp's AI workflow and product suite for personal injury law firms. In October 2025, EvenUp raised a $150 million Series E at over $2 billion valuation led by Bessemer Venture Partners, with participation from REV (RELX's VC arm), B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital Ventures, HarbourVest, Lightspeed, and Broadlight Capital, increasing total funding to $385 million. This marked the fourth preempted round in two years, highlighting strong investor conviction in EvenUp's proprietary data, domain expertise, and leadership in personal injury AI. |
| Apr 2023 | Series B | Bessemer Venture Partners (lead); Pathlight Ventures; Gokul Rajaram; SignalFire; The New Normal Fund; NFX; Bain Capital Ventures; Allison Pickens Ventures; Scott Belsky; DCM Ventures; Clio | $51M | - | - |
Who has invested in EvenUp?
19 investors have backed EvenUp across its funding rounds, including Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, Bain Capital Ventures, B Capital and Premji Invest.
Lead investors include Bessemer Venture Partners, Bain Capital Ventures and Lightspeed Venture Partners.
EvenUp Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Apr 2023 | ||
| 3 | Lead | Apr 2023 | ||
| 3 | Lead | Dec 2023 | ||
| 2 | Participant | Oct 2024 | ||
| 2 | Participant | Oct 2024 | ||
| 2 | Lead | Apr 2023 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
This data is available for Pro users. Sign up to see all 19 EvenUp investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialEvenUp Competitors
EvenUp competitors include listed companies like Haizhi and Ncino, and private ones like Advance Intelligence Group, AIsphere, Everlaw and Feedzai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | $40M | - | $2B | 50.0x | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $93M | ($30M) | $2.1B | 16.3x | ||
| Publicly listed | $595M | $65M | $2.3B | 4.0x |
EvenUp Public Comps
EvenUp is still privately-owned, but its public comps include Haizhi, Ncino, Affle 3i, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, LegalZoom and Appier Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
This data is available for Pro users. Sign up to see all EvenUp competitors and their valuation data. Start Free Trial | ||||||||
Common questions about EvenUp
| When was EvenUp founded? | EvenUp was founded in 2019. |
| Where is EvenUp headquartered? | EvenUp is headquartered in San Francisco, CA, United States. |
| Is EvenUp publicly listed? | No, EvenUp is a private, VC-backed company. |
| What is EvenUp's valuation? | EvenUp was last valued at $2B in its Series E in October 2025. |
| How much funding has EvenUp raised? | EvenUp has raised $371M across 4 funding rounds. |
| What was EvenUp's last funding round? | EvenUp's last funding round was a $150M Series E in October 2025, led by Bessemer Venture Partners. |
| Who are EvenUp's investors? | EvenUp's investors include SignalFire, Bessemer Venture Partners, Lightspeed Venture Partners, Premji Invest, B Capital, Bain Capital Ventures, Adams Street Partners, BroadLight Capital, REV, Pathlight Ventures and 9 others. |
| Which companies are comparable to EvenUp? | Companies comparable to EvenUp include Advance Intelligence Group, AIsphere, Everlaw, Feedzai, Haizhi and Ncino. |
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