- Companies
- Laurel
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Series C | $510M | 19.6x |
| Jun 2025 | Secondary | $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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $26M | $510M | 19.6x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series C | IVP (lead) | $80M | $510M | Laurel 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 2025 | Secondary | - | $20M | $510M | Laurel 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 2022 | Series B | ACME 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 2019 | Series A | Upfront Ventures (lead); Ulu Ventures; First Round Capital; BoxGroup; Initialized Capital | $15M | - | - |
| Sep 2017 | Seed | First 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2017 | ||
| 2 | Lead | Sep 2017 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Sep 2017 | ||
| 2 | Lead | Nov 2019 | ||
| 1 | Lead | Jun 2025 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Lead | Sep 2017 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Lead | Sep 2017 | ||
| 1 | Lead | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 14 Laurel investors. Start Free Trial | ||||
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Start Free TrialAcquisitions 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
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 8 Mar 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Laurel acquisitions and their M&A valuation multiples. Start Free Trial | |
Laurel Competitors
Laurel competitors include listed companies like CS Disco and Shenzhen Sunwin, and private ones like Fieldguide, SpotDraft, DeepJudge and Cortex.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $700M | - | ||
| Publicly listed | $157M | ($44M) | $273M | 1.0x | ||
| Private | $13M | - | $380M | - | ||
| Private | - | - | $300M | - | ||
| Private | - | - | $470M | - | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $252M | $8M | 1.7x | 1.4x | 52.9x | 6.2x | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $449M | ($7M) | 0.9x | 0.9x | (62.1x) | 7.3x | |||
This data is available for Pro users. Sign up to see all Laurel competitors and their valuation data. Start Free Trial | ||||||||
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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