EvenUp

EvenUp

Legal services for personal injury cases

About EvenUp

Simplify's Rating
Why EvenUp is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Legal

Company Size

201-500

Company Stage

Series D

Total Funding

$214M

Headquarters

San Francisco, California

Founded

2019

Overview

EvenUp Law provides legal services focused on personal injury, trucking accidents, and medical malpractice. The firm operates in multiple states, including Texas, Pennsylvania, California, Indiana, and Georgia, and uses a contingency fee model, meaning they only earn money if they win a case. Their approach involves detailed case preparation, allowing them to analyze cases like an adjuster or defense attorney, which helps them negotiate better settlements for their clients. This thoroughness has led to high settlement amounts and faster resolutions, reducing stress for clients. EvenUp Law also maintains a database of similar injuries and their values, which aids in providing accurate damage estimates. Their goal is to offer clients effective legal representation that maximizes their compensation while minimizing the time and effort required on their part.

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Funded Recently
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Simplify's Take

What believers are saying

  • EvenUp raised $135 million in Series D funding, boosting its growth potential.
  • AI adoption in legal tech is increasing, enhancing EvenUp's market opportunities.
  • The legal tech market is projected to reach $25 billion by 2025, benefiting EvenUp.

What critics are saying

  • Increased competition from similar AI-driven legal tech startups could reduce market share.
  • Potential legal challenges with AI document generation could impact EvenUp's operations.
  • Economic downturns may decrease personal injury claims, affecting EvenUp's revenue model.

What makes EvenUp unique

  • EvenUp uses AI to transform raw files into legal documents quickly.
  • The company operates on a contingency fee model, ensuring payment only upon winning cases.
  • EvenUp's database offers accurate, timely injury valuations for effective settlement negotiations.

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Funding

Total Funding

$214M

Above

Industry Average

Funded Over

3 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$135M
EvenUp

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

7%
PR Newswire
Jan 27th, 2025
Evenup Introduces Express Demands, The First In Its Series Of Ai Documents

SAN FRANCISCO, Jan. 27, 2025 /PRNewswire/ -- EvenUp, the market leader in personal injury AI, proudly introduces Express Demands, the first of many self-serve AI-powered document generators in the Claims Intelligence Platform. Powered by the industry's largest personal injury dataset —encompassing hundreds of thousands of cases and millions of medical records—Express Demands transforms raw case files into comprehensive demand packages in minutes, empowering firms to produce impactful demands with ease.Express Demands addresses a common challenge for personal injury firms: reducing the lengthy delays between gathering necessary documents and sending out demand packages. On average, we see a 150-day gap between the last date of treatment and when a demand is sent across injury firms in the U.S. This delay is often due to overwhelming caseloads, leaving staff with little time to assess demand readiness, let alone draft demands. In just minutes, Express Demands transforms raw, disorganized files into polished, high-quality demands

VCCircle
Oct 9th, 2024
PremjiInvest backs US-based legaltech startup EvenUp in Series D round

US-based legaltech startup EvenUp has raised $135 million as part of its Series D funding round led by Bain Capital Ventures, with participation from new investor PremjiInvest and existing backers including Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group.

Law.com
Oct 8th, 2024
EvenUp Raises $135M in Series D Investment

Legal tech startup EvenUp announced on Tuesday that it has raised $135 million in a Series D funding round led by Bain Capital Ventures, with participation from Lightspeed Venture Partners, Premji Invest, SignalFire, Bessemer Venture Partners and B Capital Group.

Law.com
Oct 8th, 2024
EvenUp Raises $135M in Series D Investment

Previously, EvenUp raised $35 million in its Series C funding round led by Lightspeed Venture Partners, Forbes reported in August.

PR Newswire
Oct 8th, 2024
EvenUp Raises $135M in Series D Funding and Launches New Products to Help Level the Playing Field in Personal Injury Cases

/PRNewswire/ -- Today, EvenUp, the market leader in personal injury AI and document generation, announced it has raised a $135 million Series D round of...

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