LegalPay secures seed funding

India-based litigation financier LegalPay last week announced that it had secured an undisclosed seed funding round led by accelerator VC 9Unicorns to tap an estimated $20 billion legal expense market in the country. Early-stage investment platform LetsVenture also participated in the round, along with angel investors including Ambarish Gupta, founder of New York-based PE-fund Basis Vectors and founder of Knowlarity. Read more.

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New Fundings

LegalPay backs claim against Indian two-wheeler manufacturer

Indian litigation funder LegalPay is backing logistics company Brains Logistics in its legal efforts to recover outstanding dues of an undisclosed amount from leading two-wheeler manufacturer Hero MotoCorp, according to BusinessToday.In.

Funder News

Fintech firm Legalpay launches healthcare focused fund

Fintech LegalPay has launched an interim finance healthcare-focused fund for retail investors that grants them fractional ownership, for an investment amount as little as Rs 10,000 per opportunity, in asset-backed legal and debt financing asset classes.

Funder News

LegalPay closes first arbitration-focused investment vehicle

LegalPay, India’s first third-party litigation finance company, has announced that it has successfully closed its first arbitration-focused investment vehicle, which will be focused on putting capital into a basket of 8-12 legal cases. It is also now raising funds for a second investment vehicle that will invest in commercial disputes.

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