EvenUp has raised a total of $220.5 million across multiple funding rounds, with its largest being a $135 million Series D round in October 2024, led by Bain Capital Ventures. The San Francisco-based legal technology company offers AI-driven solutions for personal injury law firms, streamlining processes from intake to resolution. With a $1 billion valuation, EvenUp empowers lawyers and clients with AI-generated demand letters, medical chronologies, case preparation tools, and executive analytics to efficiently close the justice gap.
Keep reading to explore EvenUp’s funding journey, key investors, and what’s next for this innovative legal tech platform.
What Is EvenUp and What Does It Do?
Founded to transform personal injury law through technology, EvenUp is headquartered in San Francisco, California, United States. The company offers AI-powered products that help law firms manage cases more effectively, from initial client intake to final resolution.
EvenUp employs AI to generate demand letters, create medical chronologies, optimize case preparation, and provide actionable analytics. With a focus on efficiency, accuracy, and accessibility, the platform enables law firms to reduce administrative burdens and deliver better outcomes for their clients.
How Much Funding Has EvenUp Raised?
- Series B
- Amount Raised: $50.5M
- Date: April 2023
- Lead Investors: Bessemer Venture Partners
- Series C
- Amount Raised: $35M
- Date: December 2023
- Lead Investors: Lightspeed Venture Partners
- Series D
- Amount Raised: $135M
- Date: October 2024
- Lead Investors: Bain Capital Ventures
Total Funding Raised: $220.5M
Current Valuation: $1B
Latest Funding Date: October 2024
Key Investors
- Bain Capital Ventures
- Details: Leading VC investing in early to growth-stage companies with deep industry expertise.
- Investment Focus Areas: Fintech, healthcare, enterprise software
- Notable Investments: LinkedIn, DocuSign, AvidXchange
- Lightspeed Venture Partners
- Details: Multi-stage VC accelerating disruptive innovations in enterprise and consumer sectors globally.
- Investment Focus Areas: Enterprise, consumer, health
- Notable Investments: Snapchat, Grubhub, Nest
- Bessemer Venture Partners
- Details: One of the oldest U.S. VCs, investing in early-stage high-growth companies.
- Investment Focus Areas: Cloud computing, cybersecurity, healthcare
- Notable Investments: Pinterest, Shopify, LinkedIn
- SignalFire
- Details: VC leveraging data and technology to support portfolio companies with a proprietary talent network.
- Investment Focus Areas: AI, SaaS, consumer
- Notable Investments: Grammarly, Frame.io, Ro
- DCM Ventures
- Details: Global VC focusing on early-stage investments in the U.S., China, and Japan.
- Investment Focus Areas: Mobile, consumer internet, software
- Notable Investments: Bill.com, SoFi, Kuaishou
Where Is EvenUp’s Headquarters?
EvenUp is headquartered in San Francisco, California, United States, giving it access to top AI talent, legal tech expertise, and venture capital networks.
What’s Next for EvenUp?
EvenUp aims to expand its AI-driven platform, attract additional investors, and increase adoption among personal injury law firms. With a $1 billion valuation and a growing product suite, the company is well-positioned to streamline case management further, delivering measurable improvements in efficiency and accessibility within the legal industry.
Future fundraising rounds are likely to support technology expansion, partnerships, and product enhancements, while maintaining compliance with legal and data privacy standards.
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