At a Glance
| Detail | EvenUp | Theo AI |
|---|---|---|
| Category | GenAI & Drafting | GenAI & Drafting |
| Total raised | $371M | $9.8M |
| Rounds tracked | 4 | 3 |
| Latest round | Series E, $150M · Oct 2025 | Seed, $3.4M · Nov 2025 |
| Last valuation | $2B | Not disclosed |
| Lead investors | Bessemer Venture Partners, Lightspeed Venture Partners, Bain Capital Ventures | Run Ventures, NextView Ventures, Collide Capital, nvp capital |
| Built for | Not disclosed | Not disclosed |
| Headquarters | United States | United States |
Funding, Side by Side
EvenUp rounds
- Oct 2025Series E$150M
- Oct 2024Series D$135M
- Aug 2024Series C$35M
- Jun 2023Series B$50.5M
Theo AI rounds
- Nov 2025Seed$3.4M
- May 2025Seed$4.2M
- Nov 2024Seed$2.2M
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, EvenUp or Theo AI?
- EvenUp has raised $371M in disclosed funding, compared with $9.8M for Theo AI.
- Do EvenUp and Theo AI share investors?
- No. None of the investors we track have backed both companies.
- What is EvenUp best for?
- EvenUp makes AI software for personal injury law firms, including demand letter drafting and case management.
Source: Legal Tech Circle funding data, from public announcements. Updated November 11, 2026.