EvenUp Raises $50.5 Million in Series B

by Kay Aloha Villamor in June 9th, 2023

EvenUp, a San Francisco, CA-based AI-driven support for personal injury lawyers, announced that it raised $50.5 million in Series B, bringing its total funding to $65 million at a $325 million valuation.

The round was led by Bessemer Venture Partners, with participation from Bain Capital Ventures, Scott Belsky (founder, Behance), and Clio.

Previous investors who also participated in this round include SignalFire, DCM, NFX, and Gokul Rajaram (DoorDash executive and board member at Pinterest, Coinbase, and The Trade Desk).

EvenUp’s earlier investors include tech entrepreneurs like Adam D’Angelo (CEO of Quora) and Kevin Hartz (CEO of Eventbrite), and public figures who believe in and care about EvenUp’s mission, among them Nas, Jared Leto, and Byron Jones.

With this new funding, EvenUp will deepen the functionality and feature set of its platform, invest and hire to support growth and introduce new technologies and products for personal injury and other fields of law.

EvenUp turns raw case files, such as medical records, bills, and police reports, into AI-generated legal documents for injury lawyers. These legal documents, called demand packages, value what these injury cases are worth, enabling injury attorneys to expedite settlements and secure the full compensation their clients rightfully deserve. 

The startup also announced Litty, the first-ever AI personal injury assistant, and deep integration with legal practice management software Litify.

“Litty, our new AI assistant for personal injury, outfits every lawyer, paralegal, and case manager with superpowers,” said Rami Karabibar, CEO of EvenUp. “On our path to instantly drafted demand packages, this first release produces concise summaries for case facts and medical history within seconds. We believe Litty’s AI will be a game-changer in legaltech.”

As part of the funding, Sameer Dholakia, a partner at Bessemer Venture Partners and co-lead of the firm’s growth investment practice, will join EvenUp’s board of directors.

Company: EvenUp. Inc.

Raised: $50.5M

Round: Series B

Funding Month: June 2023

Lead Investors: Bessemer Venture Partners

Additional Investors: Bain Capital Ventures, Scott Belsky, Clio, SignalFire, DCM, NFX, Gokul Rajaram, Adam D’Angelo, Kevin Hartz, Nas, Jared Leto, and Byron Jones

Company Website: https://www.evenuplaw.com/

Software Category: AI-driven Support for Personal Injury Lawyers

About the Company: EvenUp is a generative AI startup on a mission to level the playing field in personal injury cases, spanning from motor vehicle accidents and natural disasters to police brutality and child abuse. EvenUp applies machine learning and its Litty generative AI to reduce manual effort and maximize case outcomes across the legal value chain, starting with personal injury law. By combining in-house human legal expertise with proprietary software to analyze medical and police records, EvenUp produces high-quality AI-driven demand packages in a fraction of the time and cost. 

Source: https://www.evenuplaw.com/blog/evenup-series-b

Your cart