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EvenUp, a legal-tech startup now worth over $2 billion, could well be on a path to the public market as the industry grows, CEO and cofounder Rami Karabibar tells Axios Pro.

Why it matters: Venture dollars are flowing into legal tech, with EvenUp collecting $150 million last week in a Series E led by Bessemer Venture Partners.

EvenUp's platform uses AI to help streamline workflows, automate documents and provide insights for more than 2,000 law firms.

This interview has been edited for length and clarity.

Karabibar: "We've been in this crazy, hyper-growth environment. Our Series C got preempted by an investor. Our Series D, similarly, one of our existing investors preempted our round. And our Series E, again, another preempted round by an existing investor, which is Bessemer.

We didn't need to raise. We got preempted on the basis of a couple of things. One is the revenue growth that we've had. We've beat our targets."

The legal industry has typically been slow to adopt technology. Why has that seemingly changed with AI?

"If you go back a decade, and you're going to these law firms explaining what the cloud is for the first time, they wouldn't really know what you were talking about. The concept of a cloud was a very foreign thing. The thing that's different about generative AI today is it's a lot closer to their work product.

The other piece is there's no heavy integration. You can start drafting documents, getting insights on your cases, you know, within the next couple of minutes."

The venture numbers are crazy for legal tech this year. Is it too much too fast?

"The amount of capital doesn't really scare me in our space, just because I know how big the TAM is.

We've been doing this for a couple of years now, and you'd expect our growth would actually slow down with a lot of folks trying to do what we're doing. But we've accelerated our growth.

If the ARR is getting there, and the economics look good, and there's a big TAM, I would assume that investors are going to continue doubling down."

There also has been some M&A dealmaking in the sector, even with startups buying startups. Will we see more?

"We've never done M&A. What we've done is if a startup is failing, we hired their team, but it wasn't actually like an acquisition or even an acqui-hire. We just gave out employment offers. 

But it's funny, as soon as we raise the Series E, the amount of folks that are just reaching out and asking to sell has kind of been a little crazy and overwhelming. 

We'll probably do something, probably not anytime soon."

We haven't seen many IPOs come from the legal-tech space. Will that change?

"I think, given the size, it's definitely a path that we're on. If you look at most of the execs that we've hired, most of our execs have taken companies public themselves.

The market opportunity is big enough where you can really support not only a public company, but a really sizable one."

EvenUp cofounder Rami Karabibar talks IPO prospects

EvenUp raised a $150 million Series E last week.

Photo illustration of Rami Karabibar next to colorful rectangels and a pattern of EvenUp logos.

Photo illustration: Axios Visuals. Photo: Courtesy of EvenUp

EvenUp, a legal-tech startup now worth <a class="gtmContentClick" data-vars-link-text="over $2 billion" data-vars-click-url="https://fortune.com/2025/10/07/exclusive-evenup-raises-150-million-series-e-at-2-billion-valuation-as-ai-reshapes-personal-injury-law/" data-vars-content-id="be63aaae-678d-4bab-aee9-4912b4a4260d" data-vars-headline="EvenUp cofounder Rami Karabibar talks IPO prospects" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://fortune.com/2025/10/07/exclusive-evenup-raises-150-million-series-e-at-2-billion-valuation-as-ai-reshapes-personal-injury-law/" target="_blank">over $2 billion</a>, could well be on a path to the public market as the industry grows, CEO and cofounder Rami Karabibar tells Axios Pro.Why it matters: Venture dollars <a class="gtmContentClick" data-vars-link-text="are flowing" data-vars-click-url="https://www.axios.com/pro/enterprise-software-deals/2025/10/09/eve-founder-legal-tech-funding" data-vars-content-id="be63aaae-678d-4bab-aee9-4912b4a4260d" data-vars-headline="EvenUp cofounder Rami Karabibar talks IPO prospects" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/pro/enterprise-software-deals/2025/10/09/eve-founder-legal-tech-funding" target="_self">are flowing</a> into legal tech, with EvenUp <a class="gtmContentClick" data-vars-link-text="collecting $150 million" data-vars-click-url="https://fortune.com/2025/10/07/exclusive-evenup-raises-150-million-series-e-at-2-billion-valuation-as-ai-reshapes-personal-injury-law/" data-vars-content-id="be63aaae-678d-4bab-aee9-4912b4a4260d" data-vars-headline="EvenUp cofounder Rami Karabibar talks IPO prospects" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://fortune.com/2025/10/07/exclusive-evenup-raises-150-million-series-e-at-2-billion-valuation-as-ai-reshapes-personal-injury-law/" target="_blank">collecting $150 million</a> last week in a Series E led by Bessemer Venture Partners.

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EvenUp cofounder Rami Karabibar talks IPO prospects

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