Key points:
- Eve, an AI startup serving plaintiffs' law firms, has reached a $1 billion valuation.
- The company raised $103 million in a funding round led by Spark Capital.
- Andreessen Horowitz, Lightspeed, and Menlo Ventures also participated.
- Eve serves over 450 law firm customers with tools for litigation support.
San Francisco-based legal technology startup Eve has achieved a $1 billion valuation after raising $103 million in new funding. The round, reported by Reuters, was led by Spark Capital and included participation from Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures.
Eve’s platform focuses on plaintiffs’ law firms, offering tools to evaluate cases, draft legal documents and demand letters, generate medical chronologies, and manage discovery. The company reports serving more than 450 firms to date.
CEO and co-founder Jay Madheswaran said that while legal tech funding has historically favored defense-side tools, plaintiffs’ firms are increasingly adopting AI solutions. Competitive pressures and broader AI adoption trends have accelerated that shift, he added. With the latest round, Eve’s total funding now stands at $164 million.
The company joins a growing list of AI startups attracting major investment in the plaintiffs’ sector. EvenUp, another litigation-focused platform, reached a $1 billion valuation after raising $135 million in 2024. Supio followed with a $60 million raise earlier this year.
The broader legal tech market has also seen strong investor interest. Filevine, a practice management software company that has expanded its AI product line, recently raised $400 million and said AI revenue now outpaces traditional software sales.
