The $135 million Series D round was led by Bain Capital Ventures, with participation from Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group. Aaref Hilaly, a partner at Bain Capital Ventures, praised EvenUp’s multi-product approach, highlighting the platform’s ability to leverage generative AI to address real-world challenges in the legal sector.
“The work Rami and his team are doing in the legal technology space is unmatched, especially given the quality of data they provide to customers and their new workflow products,” Hilaly said.
Growth in Legal Tech Unicorns
EvenUp’s rise to unicorn status marks another milestone for the booming legal tech industry. The company joins other AI-driven platforms like Harvey, which reached a $1 billion valuation after a $100 million Series C funding round in July.
Legal tech, particularly in the personal injury space, has attracted significant investment in recent years. In 2023, personal injury startups raised around $52 million, according to data from Law360 Pulse. Another startup, Supio, also made headlines recently by raising $25 million in a Series A round, further signaling the growing interest in legal technology solutions.
