This EvenUp company profile covers the company's valuation, revenue, funding rounds, investors and history. EvenUp works in legal technology, with a focus on AI for personal injury law. It was founded in 2019 and is headquartered in San Francisco, California, United States. Its latest valuation on record is More than US$2 billion (October 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Customers | More than 2,000 law firms, including about 20% of the top 100 US personal injury firms (company-reported) | October 2025 | EvenUp (company announcement) |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Oct 2025 | Series E | US$150M | More than US$2B | Bessemer Venture Partners (lead); REV (RELX), B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital Ventures, HarbourVest, Lightspeed, Broadlight Capital | Bloomberg Law |
EvenUp timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2019 — EvenUp is founded in San Francisco by Rami Karabibar (CEO), Raymond Mieszaniec and Saahil Jain.
- Oct 2025 — Series E: US$150M, valuing the company at More than US$2B. Investors: Bessemer Venture Partners (lead); REV (RELX), B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital Ventures, HarbourVest, Lightspeed, Broadlight Capital.
- October 2025 — Customers: More than 2,000 law firms, including about 20% of the top 100 US personal injury firms (company-reported).
Investors
Overview
EvenUp builds AI software for personal injury law firms. Personal injury lawyers represent people hurt in car accidents, workplace incidents and other events, typically working for a share of any settlement. A big part of the work is assembling medical records, bills and evidence into a demand package that argues how much compensation a client deserves, then negotiating with insurers. EvenUp's Claims Intelligence Platform automates much of that work, drafting demand letters, organising medical records, estimating case value and helping firms manage cases. In October 2025 it raised a US$150 million Series E at a valuation of more than US$2 billion, led by Bessemer Venture Partners, its fourth financing in about two years.
Rami Karabibar, the CEO, Raymond Mieszaniec and Saahil Jain founded EvenUp in 2019. Mieszaniec's interest came from personal experience: his father was seriously injured and, the founders have said, received a settlement that didn't reflect the full value of his claim. The founders set out to help injured people get fair outcomes by giving their lawyers better tools and data.
Products
- Demand letters: AI-drafted demand packages built from medical records and case documents, reviewed by legal professionals.
- Medical chronologies: organised summaries of treatment and injuries from large volumes of records.
- Case valuation: estimates of claim value based on data from many cases.
- Case management and workflow tools: features that help firms handle drafting, review and strategy across the case lifecycle.
- AI assistants: tools for drafting, reviewing and answering questions about cases.
Funding
EvenUp raised several rounds in quick succession, each reportedly pre-empted by investors. In October 2025 it announced a US$150 million Series E led by Bessemer Venture Partners, valuing it at more than US$2 billion and bringing total capital to about US$385 million, according to Bloomberg Law. REV, the venture arm of RELX, which owns LexisNexis, participated alongside B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital Ventures, HarbourVest, Lightspeed and Broadlight Capital.
Business model
EvenUp charges law firms for its products, typically per demand letter or case, with subscription options for broader platform use. Its customers are mostly personal injury firms, from small practices to large firms. Because personal injury lawyers are paid on contingency, tools that help them achieve larger settlements or handle more cases with the same staff can have a direct effect on firm revenue.
Competition
EvenUp competes with legal AI companies serving personal injury firms, such as Supio and Eve; with general legal AI platforms such as Harvey; with case management software such as Filevine, which adds AI features; and with outsourced legal services. Its focus on a single practice area and its data from many cases are key advantages.
EvenUp at a glance
EvenUp is a San Francisco legal AI company founded in 2019 by Rami Karabibar, Raymond Mieszaniec and Saahil Jain. Its Claims Intelligence Platform helps personal injury firms draft demands, organise medical records and value cases. It raised a US$150 million Series E in October 2025 led by Bessemer Venture Partners at more than US$2 billion, and reported more than 2,000 law firm customers.
Timeline
- 2019: founded.
- 2023–2024: raises Series B, C and D in quick succession; becomes a unicorn.
- October 2025: raises US$150 million at more than US$2 billion.
Why personal injury law suits AI
Personal injury cases are numerous and follow repeatable patterns: gather records, calculate damages, write demands and negotiate. Much of the work involves reading hundreds of pages of medical records and bills, which AI can summarise quickly. Firms working on contingency have strong incentives to process cases efficiently and maximise settlements. Meanwhile, insurers have long used sophisticated software to evaluate claims, so tools that give plaintiffs' lawyers better data can help balance negotiations. That combination makes personal injury one of the most promising areas for legal AI.
Vertical legal AI
Many legal AI companies, such as Harvey, serve large law firms and corporate legal departments across many practice areas. EvenUp represents another approach: focusing deeply on one practice area and building workflows, data and expertise specific to it. Vertical tools can deliver measurable results quickly, but their market is limited to one segment unless they expand into adjacent areas.
Who uses EvenUp
EvenUp's customers are personal injury law firms across the United States, including many of the largest firms in the field.
Valuation context
EvenUp's valuation rose quickly through several pre-empted rounds, reflecting investor enthusiasm for legal AI. Our guide to legal tech startups compares it with peers.
Risks
- Accuracy: errors in legal documents can harm clients and firms.
- Competition: several startups and platforms target personal injury firms.
- Regulation: rules on AI use in legal practice are evolving.
- Market concentration: growth depends on one practice area.
Questions for law firms
- How is AI-drafted work reviewed before it reaches clients or insurers?
- How is client medical data protected?
- What results have similar firms seen in settlement values or time saved?
How a demand package comes together
After an injured client finishes medical treatment, the law firm gathers records from hospitals, doctors, therapists and pharmacies, along with bills, police reports and evidence of lost wages. Traditionally, paralegals read through everything, build a chronology of treatment, total the damages and draft a letter to the insurer setting out the facts, injuries and requested compensation. This can take many hours per case. EvenUp's software ingests the documents, organises them, extracts key facts and costs, and drafts the demand for the legal team to review and finalise, often in much less time.
Latest developments (October 2026)
EvenUp's October 2025 Series E of US$150 million, led by Bessemer Venture Partners with LexisNexis owner RELX participating, valued it at more than US$2 billion, according to Bloomberg Government, and remains its latest round as of October 2026. The company continues to sell AI tools that help personal injury law firms prepare demand letters and manage cases. See our legal tech guide.
What to watch
Watch expansion into other practice areas, partnerships with legal publishers and new funding.
Takeaways
Personal injury firms can handle more cases with better data. Founders can see how vertical focus can build a large AI company. Investors should watch accuracy and competition.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does EvenUp do?
EvenUp is a legal technology / ai for personal injury law company headquartered in San Francisco, California, United States. It was founded in 2019.
What is EvenUp's valuation?
EvenUp was valued at More than US$2 billion as of October 2025, according to Bloomberg Law. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does EvenUp make?
EvenUp is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was EvenUp's latest funding round?
The most recent financing we have verified is a series e in Oct 2025: US$150M, at a valuation of More than US$2B. Source: Bloomberg Law.
Who are EvenUp's investors?
Investors named in public announcements include Bessemer Venture Partners, REV (RELX), B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital Ventures, HarbourVest and Lightspeed Venture Partners.
Who founded EvenUp?
EvenUp was founded in 2019 by Rami Karabibar (CEO), Raymond Mieszaniec and Saahil Jain.
Is EvenUp a public company?
No. EvenUp is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is EvenUp headquartered?
EvenUp is headquartered in San Francisco, California, United States.