SA国际传媒

, a legal tech startup that creates artificial intelligence products for the personal injury sector, has raised $150 million in Series E funding at a valuation exceeding $2 billion.

The financing comes nearly one year after EvenUp announced a $135 million Series D at a valuation of more than $1 billion. In total, the San Francisco-based startup has raised $385 million in funding since its 2019 inception 鈥� closing four rounds since 2023.

Repeat backer led the startup鈥檚 latest raise, which also included participation from 鈥� the venture capital arm of , which owns 鈥� as well as , , , , , and .

EvenUp鈥檚 platform is powered by an AI model that is trained on hundreds of thousands of injury cases, medical records and internal legal knowledge. The platform helps with document generation, and case and negotiation preparation.

鈥淟egal AI is no longer a side bet; it鈥檚 becoming the backbone of personal injury law,鈥� said , CEO and co-founder of EvenUp, in a release. He said that in the past six months alone, volume on the company鈥檚 platform nearly doubled to 10,000 cases per week.

Venture funding to legal tech startups has already hit a record high in 2025, driven by investor enthusiasm for AI鈥檚 potential to bring more automation to the legal profession. On Sept. 23, , a provider of legal practice management software, that it closed on two previously undisclosed rounds totaling $400 million. led the first round and joined and to co-lead the second.

Per SA国际传媒 , companies in the legal and legal technology sectors have raised just over $2.5 billion as of early October in seed through growth-stage funding. With three months left in the year, it鈥檚 already the highest annual total on record.

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