Loopa closes $70 million Fund III, tops $100 million in commitments

Loopa Finance has raised $70 million for its third litigation finance vehicle, pushing total commitments since inception past $100 million and reinforcing its position across continental Europe and Latin America.

The Madrid, Buenos Aires, and Mexico City based funder said the new capital will support investments in judicial litigation and complex arbitration, with an emphasis on strategic markets where demand for alternative fee and risk transfer structures continues to grow.

The Fund III close marks a step change for the business. Its first two vehicles raised a combined $38 million and have been fully deployed into cases spanning key jurisdictions in Europe and Latin America, according to the company.

Co-founder and Managing Partner Fernando Folgueiro described the raise as a turning point that will allow Loopa to back a larger volume of claims with increasingly sophisticated merits and procedural risk analysis. He said surpassing $100 million in aggregate commitments signals growing maturity in the litigation finance market across both regions.

Loopa positions itself as a tech-driven funder focused on claim monetization and legal cost financing, operating on a non recourse model in which it recovers capital only upon a successful outcome. The firm says it does not interfere in legal strategy or case management and emphasises alignment of interests with claimants and counsel.

Fund III will target a broad mix of disputes, including commercial and investment arbitration, contractual and corporate litigation, insolvency proceedings, intellectual property matters, environmental claims, and actions against the State.

Co-founder and Managing Partner Yago Zavalia Gahan said the new vehicle strengthens Loopa’s ability to structure litigation as a financial asset through scalable and traceable processes, with proceeds earmarked in part for continued investment in technology and talent.

The fund attracted institutional and private capital from Europe and the Americas, including returning investors from prior vehicles as well as new strategic backers seeking exposure to the expanding litigation finance market.

Founded in 2020, Loopa has expanded alongside the development of third-party funding frameworks in continental Europe and Latin America, building an interdisciplinary team across legal, financial, and technology functions.