EvenUp – a market leader in AI-driven support for personal injury lawyers – announced recently its $50.5 million Series B funding round led by Bessemer Venture Partners with participation from Bain Capital Ventures, Scott Belsky (Founder, Behance), and legal tech leader Clio. And Sameer Dholakia, Bessemer Partner and co-lead of the firm’s growth investment practice will be joining EvenUp’s board of directors.
With this new funding round, 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. And taking two major steps toward these goals, EvenUp today also announced Litty, the first-ever AI personal injury assistant, and deep integration with legal practice management software leader Litify.
The 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). And 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.
EvenUp is known as a generative AI startup on a mission to level the playing field in personal injury cases, which span from motor vehicle accidents to police brutality, child abuse, and even natural disasters like the California wildfires. And EvenUp turns raw case files like medical records, bills, and police reports, into AI-generated legal documents for injury lawyers. And 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.
More than 20 million injury cases are settled in the US yearly, but more than 9 in 10 injury settlements are kept private. And this leaves lawyers guessing what they should propose as a settlement amount, often leaving victims undercompensated. Along with this structural challenge, the writing process itself is messy: extracting relevant info from dozens of chaotic PDFs is time-consuming error-prone work, and organizing and composing findings into a demand package is its own complicated project.
By working with EvenUp, personal injury law firms see an average revenue lift of over 30%, resolve cases months sooner, and save hours of legal drafting time per claim. And EvenUp has trained its models on hundreds of thousands of pages of medical records and hundreds of thousands of cases, compiled into possibly the largest-ever repository of case data. With each case EvenUp works on, its technology gets better at making demand packages faster and more accurately, leading to better case outcomes and lower costs.
EvenUp is also excited to launch Litty, which is the first-ever AI personal injury legal assistant, to its current base of legal industry users. And trained on millions of records and hundreds of thousands of case outcomes, Litty has the unique ability to interpret raw medical records and create output designed for personal injury use cases. Litty – developed over multiple years – already powers the demand packages produced by EvenUp. Today, Litty launches as a self-service solution, designed to empower personal injury lawyers and their staff to dedicate more time to clients rather than manual data entry or data summarization.
At launch, Litty is going to summarize raw, disorganized notes and copies of raw records into clear, coherent medical summaries optimized for injury law. And in the coming months, Litty will autonomously analyze diverse document formats and generate comprehensive legal output on other aspects of personal injury. And Litty was EvenUp’s original name when it was founded in late 2019, referencing the practice of litigation – which EvenUp is helping improve for everyone involved – and nodding to pioneering document assistant Clippy.
As Litty evolves over time, EvenUp aspires to extend its automation capabilities to cover up to 70% of key documents in the personal injury law workflow. And with customization built into Litty, each document will be produced to suit the specific requirements of each firm, jurisdiction and case type, covering both the pre-litigation and litigation stages. This level of automation means that personal injury law firms can concentrate more on the human side of their work: supporting injury victims through the legal process, and advocating for the equitable outcomes their clients deserve.
EvenUp + Litify
EvenUp also announced a deep integration with Litify, which is a flexible and secure legal practice operating platform that makes running a legal practice faster and more efficient. And through this partnership, thousands of lawyers new to EvenUp will be able to save time and costs with EvenUp’s AI-driven demand packages, improving their case outcomes while simplifying their workflows on their existing software platform.
Personal injury attorneys whose practices run on Litify can now simplify their daily workloads with EvenUp. And And with the click of a button, Litify customers can request an EvenUp AI-driven demand package directly from their Litify dashboard, drawing from case records already managed within Litify. EvenUp securely ingests relevant documents, meeting SOC 2 compliance standards, and it uses machine learning to identify critical data points like billing amounts and treatment dates. EvenUp pipes that data back into Litify, reducing manual data entry and clean-up. With the help of EvenUp’s Litty AI, it generates a demand package within days, and uploads the final document directly into Litify and attorneys’ workflows.
KEY QUOTES:
“The AI revolution promises to drive massive productivity gains and allows great entrepreneurs to re-imagine the way work is done. EvenUp is a fantastic example of these principles applied to personal injury law. Their AI-native solution will provide superpowers to lawyers and paralegals, making them factors more productive and yielding fairer settlements for their clients. Bessemer has long believed in the Vertical SaaS model and has made multiple investments in the LegalTech industry over the past decade. We are thrilled to see two of our recent investments (Litify and EvenUp) announce a partnership that will change the way the personal injury industry does its work.”
— Sameer Dholakia, Partner at Bessemer
“The legal industry is poorly served by current technology, with highly skilled and well-compensated talent spending time in areas AI is perfectly positioned to accelerate. Clients and law firms alike love EvenUp’s faster, fairer resolution, and we’re delighted to be a part of EvenUp’s journey to turbocharge the legal industry.”
— Sarah Hinkfuss, Partner at Bain Capital Ventures (BCV)
“We’ve seen settlements up meaningfully since starting to use EvenUp. Let’s just say that I’ve done as much revenue in the first quarter of this year as I did in all of last year.”
— A satisfied EvenUp customer at a Pennsylvania-based law firm
“Litty, our new AI assistant for personal injury, outfits every lawyer, paralegal, and case manager with superpowers. 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.”
— Rami Karabibar, CEO of EvenUp
“Litify’s mission is to break down business and team siloes with an open platform that can provide legal professionals with a single place to do their work. The integration with EvenUp helps us further this mission and offers our large base of personal injury clients even more efficiency with AI-driven demand letters integrated directly into the platform.”
— Ari Treuhaft, President and COO of Litify
