AxiaFunder is backing a software theft and copyright infringement claim valued at £5-10 million to be filed in the Barcelona Commercial Court. AxiaFunder is seeking £255,000 from investors on its platform to fund the case. Investors will be entitled to the greater of a multiple on capital of 2.8x and an uncapped return increasing at 66% per annum should the claim be successful. Read more.
Litigation lender AxiaFunder has become directly authorised by the Financial Conduct Authority after a 12-month process.
AxiaFunder has hired two new senior case assessors. Anthony Berry, a specialist in portfolio funding, and Noor Kadhim, a senior commercial arbitration lawyer, have both joined the litigation finance crowdfunding platform. Both Berry and Kadhim will work alongside Michael Lent, AxiaFunder’s head of case assessment.
AxiaFunder is raising funding to support an unfair prejudice petition claim against a majority shareholder in relation to a high-value housebuilding company. AxiaFunder is estimating a 3.2x Multiple on Capital for investors if the case resolves favourably at 30 months.
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