EvenUp just turned the legal tech world on its head, locking in a $150M Series E led by Bessemer Venture Partners and pushing its valuation past $2B. Not bad for a company born from frustration, not finance. Co-founders Rami Karabibar, Raymond Mieszaniec, and Saam Mashhad didn’t start EvenUp to play defense, they built it because Mieszaniec watched his family get steamrolled by a lowball settlement after his father’s accident. That injustice became ignition. Karabibar brought the deal making chops from Waymo, Warburg Pincus, and Bain & Co.; Mashhad brought legal firepower from Norton Rose Fulbright. Together, they decided fairness shouldn’t depend on who can afford the better lawyer, it should depend on facts, speed, and tech.
EvenUp’s Claims Intelligence Platform is the engine making that real. Fueled by its proprietary Piai™ AI model, it eats messy medical records for breakfast and spits out precision legal work. Demand letters, complaints, negotiation sheets, generated in seconds, not days. It’s not “AI for lawyers,” it’s AI for justice. With Smart Workflows, AI Playbooks, and Mirror Mode mimicking each firm’s voice, EvenUp doesn’t replace the lawyer, it amplifies the human behind the brief. Over 2,000 law firms, including 20% of the top 100 in the U.S., now run on EvenUp. 10K cases a week flow through its system. $10B+ in damages have already been secured for victims who might’ve otherwise settled for less. That’s not disruption, it’s correction.
The cap table is stacked: REV (RELX’s venture arm, owner of LexisNexis Legal & Professional), B Capital, SignalFire, Adams Street Partners, Bain Capital Ventures, HarbourVest Partners, Lightspeed Venture Partners, and Broadlight Capital all jumped in. Every round for the past 2 years, B through E, was preempted. That doesn’t happen unless growth’s on rails. ARR is doubling YoY, and the team exploded from ~100 to 500+. The HQ at 353 Sacramento St. hums while their Toronto office hunts AI talent.
CTO Kallol Das (ex-Blend, Salesforce) is leading the charge on platform and AI engineering. Head of Biz Ops Sean Twersky (Yale & Kellogg) keeps the machine tuned tight, and Head of Marketing Chris Ries is scaling the signal. Add Sameer Dholakia from Bessemer on the board and you’ve got a crew built to keep the heat on.
EvenUp’s not just closing cases, it’s closing the justice gap. In a $61B market where 99% of settlements hide in the dark, the company’s proving that fairness can be quantified, coded, and delivered at scale. The mission’s simple but savage: turn pain into parity, and make every case count.
