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Legal AI Startup Eve Hits Unicorn Valuation With $103 Million Series B Led by Spark Capital

The new funding underscores investor confidence in Eve’s push to make plaintiffs’ practices AI‑native.

Overview

  • Eve closed a $103 million Series B at a valuation above $1 billion, led by Spark Capital with participation from Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures.
  • The company reports serving more than 450 plaintiff-side firms, processing over 200,000 cases annually, and contributing to $3.5 billion-plus in recoveries.
  • Its platform spans intake, pre-litigation, and litigation, featuring AI intake voice agents, automated drafting, discovery generation and response tools, and a step-by-step “Reasoning Mode.”
  • Since a $47 million Series A in January 2025, Eve says it added 350-plus firms to its customer base and expanded its product portfolio.
  • Eve says the capital will accelerate scaling, product development, and hiring as it drives adoption of AI-native workflows across plaintiff practices.