Laurel Revenue, Valuation, Funding & Investors

Laurel is valued at $510M as of June 2025, a 19.6x multiple on its last reported $26M revenue.

Last Laurel valuation

$510M

Series C · Jun 2025

Last Laurel funding round

$80M

Series C · Jun 2025

Laurel revenue

$26M

Series C · Jun 2025

Key investors in Laurel

  • First Round Capital
  • Initialized Capital
  • Upfront Ventures
  • Ulu Ventures
  • The House Fund
  • BoxGroup

Laurel Overview

About Laurel

Laurel is a San Francisco-based AI platform for automated timesheet management in legal and accounting firms. It captures billable hours through background activity tracking on desktops and browsers, integrating with tools like Clio and QuickBooks. The software generates reports compliant with firm standards, reducing manual entry by processing emails, documents, and calls.


Founded

2016

HQ

United StatesSan Francisco, CA

Website

laurel.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$26M (Jun 2025)

Valuation

$510M (Jun 2025)

Laurel Valuation

Laurel is currently valued at $510M, based on its Series C in June 2025.

The $80M round was led by IVP.

Laurel's valuation has moved from $510M at its secondary sale in June 2025 to $510M in June 2025, across 2 priced rounds.

Laurel valuation by funding round

Revenue multiple
Laurel valuation by funding round
DateStageValuationRevenue Multiple
Jun 2025Series C$510M19.6x
Jun 2025Secondary$510M-

Laurel Revenue

Laurel's latest recorded revenue is $26M, as of its Series C in June 2025. At a $510M valuation, that implies a 19.6x revenue multiple.

Laurel revenue by funding round

Laurel revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2025$26M$510M19.6xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Laurel Funding History

Laurel has raised a total of $136M across 4 funding rounds, plus 1 secondary share sale.

Laurel's first fundraising round was a $4M seed round in September 2017. The most recent completed round was a $80M Series C in June 2025.

Laurel funding rounds

Laurel funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025Series CIVP (lead)$80M$510MLaurel is a San Francisco-based AI time intelligence platform that helps professional services firms map time to business outcomes, addressing the 'time intelligence challenge' in knowledge industries. The company raised $100 million in a Series C funding round on June 10, 2025, led by IVP with participation from GV (Google Ventures), 01 Advisors, DST Global, and others including Kevin Weil, Alexis Ohanian, Arash Ferdowsi, and existing investors like ACME and AIX Ventures. The round values Laurel at $510 million post-money, more than double its previous valuation, and includes a $20 million tender offer. Laurel's platform is adopted by enterprise clients such as Ernst & Young, Grant Thornton, Saul Ewing, and Frost Brown Todd, serving over 100 top legal, accounting, and consulting firms across the US, UK, EU, Australia, and Canada. Over the last 12 months prior to the round, the company achieved +300% ARR growth at double-digit scale, +500% usage increase, and processes over $5B in gross market value for customers, attributing +$360M in net-new value to its platform. Customers report 4-11% profit increases from an extra 28 billable minutes per day per professional and 1-4% higher realization rates, with ROI validated by a Big-4 firm; the platform also saves up to 80% in time recording. The funding will scale Laurel's AI time platform, expand enterprise adoption, and develop tools for time mapping aligned to business outcomes. Competitors include Aderant and PointOne, but Laurel differentiates through AI-native capabilities for productivity and resource allocation. IVP partner Ajay Vashee, former Dropbox CFO, highlighted the solution's potential for time management in professional services.
Jun 2025Secondary-$20M$510MLaurel is an AI-powered timekeeping and time intelligence platform designed for professional services firms including accounting, legal, and consulting businesses. The platform automatically categorizes and analyzes how professionals spend their time to map time to business outcomes, addressing what the company calls the "time intelligence challenge." Founded in 2016 as Time by Ping, Laurel serves over 100 of the top legal, accounting, and consulting firms across the U.S., U.K., E.U., Australia, and Canada, with customers including Ernst & Young, Grant Thornton, Saul Ewing, and major law firms such as Freshfields and Crowell & Moring. In June 2025, Laurel raised $100 million in Series C funding led by IVP, valuing the company at $510 million. The round included participation from Google Ventures (GV) and 01 Advisors, along with contributions from existing investors ACME and Anthos, and new investors including Rahul Mehta and Alexis Ohanian. The Series C round also included a $20 million tender offer, the company's first secondary transaction. The company achieved significant momentum heading into the funding, ranking 700th on the Inc. 5000 list of fastest-growing U.S. companies and reporting 300% year-over-year growth in annual recurring revenue, with its accounting business representing one-half of operations. The company's Series B round in 2022 raised $36.5 million, and by that point Laurel had raised a total of $55 million.
Mar 2022Series BACME Capital (lead); Anthos Capital (lead); Gokul Rajaram; Initialized Capital; The House Fund; Upfront Ventures; Time Ventures$37M-Laurel is a developer of an advanced timekeeping software platform using artificial intelligence, designed for professionals in service industries such as legal and accounting. The company, founded in 2016 and based in San Francisco, CA. The company raised $36.5 million in a Series B funding round on March 1, 2022, led by ACME Capital and Anthos Capital, with participation from Gokul Rajaram, Initialized Capital, TIME Ventures, The House Fund, and Upfront Ventures. This round brought total funding to $54.1M across six rounds.
Nov 2019Series AUpfront Ventures (lead); Ulu Ventures; First Round Capital; BoxGroup; Initialized Capital$15M--
Sep 2017SeedFirst Round Capital (lead); L Marks (lead); MDR LAB (lead); Ulu Ventures; Stuart Marks; The House Fund$4M--

Who has invested in Laurel?

14 investors have backed Laurel across its funding rounds, including First Round Capital, Initialized Capital, Upfront Ventures, Ulu Ventures, The House Fund and BoxGroup.

Lead investors include IVP, ACME Capital, Anthos Capital, Upfront Ventures, First Round Capital and 2 other investors.


Laurel Investors

Investors in Laurel by funding rounds participated
InvestorHQRoundsRoleFirst check
Ulu VenturesUnited StatesSan Francisco, CA2ParticipantSep 2017
First Round CapitalUnited StatesPhiladelphia, PA2LeadSep 2017
Initialized CapitalUnited StatesSan Francisco, CA2ParticipantNov 2019
The House FundUnited StatesSan Francisco, CA2ParticipantSep 2017
Upfront VenturesUnited StatesLos Angeles, CA2LeadNov 2019
IVPUnited StatesSan Francisco, CA1LeadJun 2025
Gokul RajaramUnited StatesSan Francisco, CA1ParticipantMar 2022
L MarksUnited KingdomLondon1LeadSep 2017
BoxGroupUnited StatesNew York City, NY1ParticipantNov 2019
Stuart MarksUnited KingdomManchester1ParticipantSep 2017
MDR LABUnited KingdomLondon1LeadSep 2017
ACME CapitalUnited StatesSan Francisco, CA1LeadMar 2022

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Acquisitions by Laurel

Laurel has acquired 1 company to date.

Last acquisition by Laurel was on March 8th 2023. Laurel acquired Quantime for undisclosed valuation.


Latest Acquisitions by Laurel

Quantime
Description
-
HQ CountryUnited States
HQ City
-
Deal Date8 Mar 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Laurel Competitors

Laurel competitors include listed companies like CS Disco and Shenzhen Sunwin, and private ones like Fieldguide, SpotDraft, DeepJudge and Cortex.

Public and private companies comparable to Laurel
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FieldguideUnited StatesSan Francisco, CAPrivate--$700M-
CS DiscoUnited StatesUnited StatesPublicly listed$157M($44M)$273M1.0x
SpotDraftIndiaBangalorePrivate$13M-$380M-
DeepJudgeSwitzerlandZurichPrivate--$300M-
CortexUnited StatesSan Francisco, CAPrivate--$470M-
Shenzhen SunwinChinaChinaPublicly listed$20M($147M)$687M-

Laurel Public Comps

Laurel is still privately-owned, but its public comps include Yidu Tech, Winner Technology, Unisound Ai Technology, RWS Holdings, DSC Holdings, Cerence, Shenzhen Sunwin, ZipRecruiter, eVISO and Beijing Deep Glint Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yidu Tech$122M($4M)1.4x1.2x(45.0x)7.7x
Winner Technology$46M($7M)9.0x-(60.9x)-
Unisound Ai Technology$181M($22M)3.0x2.1x(24.5x)(36.1x)
RWS Holdings$927M($26M)0.7x0.7x(27.2x)4.8x
DSC Holdings$101M($10M)3.3x-(34.3x)-
Cerence$252M$8M1.7x1.4x52.9x6.2x
Shenzhen Sunwin$20M($147M)37.7x-(5.0x)-
ZipRecruiter$449M($7M)0.9x0.9x(62.1x)7.3x

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Common questions about Laurel

When was Laurel founded?Laurel was founded in 2016.
Where is Laurel headquartered?Laurel is headquartered in San Francisco, CA, United States.
Is Laurel publicly listed?No, Laurel is a private, VC-backed company.
What is Laurel's valuation?Laurel was last valued at $510M in its Series C in June 2025.
How much funding has Laurel raised?Laurel has raised $136M across 4 funding rounds.
What was Laurel's last funding round?Laurel's last funding round was a $80M Series C in June 2025, led by IVP.
Who are Laurel's investors?Laurel's investors include Ulu Ventures, First Round Capital, Initialized Capital, The House Fund, Upfront Ventures, IVP, Gokul Rajaram, L Marks, BoxGroup, Stuart Marks and 4 others.
What is Laurel's revenue?Laurel's latest recorded revenue is $26M (June 2025).
What is Laurel's revenue multiple?Laurel's latest valuation implies a 19.6x revenue multiple ($510M valuation on $26M of revenue).
Which companies are comparable to Laurel?Companies comparable to Laurel include Fieldguide, CS Disco, SpotDraft, DeepJudge, Cortex and Shenzhen Sunwin.
How many companies has Laurel acquired?Laurel has acquired 1 company, including Quantime.

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