""We lost track, but we had hundreds of meetings with VCs," said Karabibar, who in 2019 cofounded legal AI startup EvenUp with Mieszaniec and Saam Mashhad. "They kept saying to us: 'What are you doing? Legal tech sucks, AI sucks, personal injury sucks. Those are three negatives.'""
""Some investors said: 'Your founding team is great, but this is the dumbest idea.'""
""The average case takes about two years," said Karabibar. "We see cases dragged on far longer than they need to, and they settle for less than they should. Attorneys are grinding, doing about 100 cases a year. So, it's hard for them to stay on top of everything.""
Rami Karabibar, Ray Mieszaniec, and Saam Mashhad founded EvenUp in 2019 after repeated rejections from investors and Y Combinator. Investors initially criticized legal tech, AI, and personal injury as unattractive sectors. EvenUp targets the $61 billion personal injury market by automating paperwork to reduce case durations, improve settlements, and lessen attorney workload. The company secured a $150 million Series E led by Bessemer, bringing valuation above $2 billion and total capital to $385 million, with participation from B Capital, SignalFire, Lightspeed, HarbourVest, Adams Street, Broadlight, and RELX's venture arm. The company manages rising AI compute costs while emphasizing quantifiable customer value.
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