Legal AI startup Eve for plaintiffs' lawyers hits $1 billion valuation with new funding
By Sarah Merken, Reuters, September 30, 2025
Eve, a San Francisco-based startup that makes artificial intelligence tools for plaintiffs' law firms, said on Tuesday that it has raised $103 million at a $1 billion valuation.
Venture capital firm Spark Capital led the funding round, which also had participation from Andreessen Horowitz, Lightspeed Venture Partners and Menlo Ventures.
Eve says its technology helps plaintiffs' lawyers evaluate new cases, draft documents and demand letters, generate medical chronologies, and send and respond to discovery requests. The company said it has more than 450 law firm customers.
Jay Madheswaran, CEO and co-founder of Eve, said that while investors have historically been interested in defense-side legal technology companies, more plaintiffs' lawyers are embracing tech tools amid competitive pressures and as AI gains traction generally. Eve has raised $164 million in total, he said.
