Evenlegal tech startup that creates artificial intelligence products for the personal injury sector has raised $150 million in Series E funding at a valuation of greater than $2 billion.
The funding comes almost a 12 months after EvenUp announced a $135 million Series D at a valuation of over $1 billion. In total, the San Francisco-based startup has raised $385 million in funding since its inception in 2019 – closing 4 rounds since 2023.
Repeat supporter Bessemer Venture Partners led the startup’s latest raise, which also included participation ENGINE ROTATION – enterprise capital arm Relxwho is the owner LexisNexis legal and skilled – and also Signal fireIN B capitalIN Adams Street PartnersIN Bain Capital VenturesIN Harbourvest PartnersIN Lightspeed Partners AND Broadlight Capital.
The Evenup platform is powered by an AI model that is trained on tons of of 1000’s of injury cases, medical records and in-house legal knowledge. The platform helps in generating documents and preparing cases and negotiations.
“Legal AI is no longer a side bet; it is becoming the backbone of personal injury law,” he said Rami KarabibarCEO and co-founder of Evenup, released. He said that in the last six months alone, volume on the company’s platform has almost doubled to 10,000 cases per week.
Venture funding for legal tech startups has already reached record highs in 2025, driven by investor enthusiasm for AI’s potential to increase automation in the legal occupation. September 23, Filevinelaw practice management software provider, announced that it had closed on two previously undisclosed rounds value a total of $400 million. Insight Partners he led the first round and joined Accel AND Halo Experience Co. To lead the second one.
On Crunchbase datafirms in the legal tech space raised just over $2.5 billion in early October in growth-stage funds. With three months left this 12 months, this is already the highest annual total on record.