Litigation Finance Insider

Litigation Finance Insider

AxiaFunder

All articles about AxiaFunder.

AxiaFunder backs shareholder dispute case

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.

AxiaFunder raising expansion capital

AxiaFunder, the UK-based crowdfunding litigation funder, is looking to raise £150,000 - £300,000 of bridge and expansion equity capital to fund its business to breakeven, which is expected to occur by Q2 2022, and CEO Cormac Leech reports that the company has already raised approximately 65% of the targeted investment after one day.

AxiaFunder launches secondary market

AxiaFunder, the UK-based crowdfunding litigation funder, has launched an automated Secondary Market operating as a Bulletin Board, offering investors secondary trading functionality. This facility will provide sellers with the potential to reduce their minimum holding periods on investments which would otherwise typically take two to three years to reach an exit. It will also help sellers to manage liquidity and risk. Buyers will be able to access cases that are already funded – enabling increased portfolio diversification.

AxiaFunder to switch to a ‘tax efficient’ partnership model

AxiaFunder, the UK-based crowdfunding litigation funder, is set to switch to a ‘tax efficient’ partnership model. The platform, which has been operating with an equity model of offering shares to investors in a company set up for cases, will switch to a limited partnership model in a few weeks. Founder and chief executive Cormac Leech said the partnership structure is more tax efficient, as the limited partnership company does not pay tax but rather passes all the earnings on to the investors who pay the tax.

AxiaFunder joins in backing group litigation claim

AxiaFunder has joined in backing a group litigation claim valued at over £180 million against two retail banks for misrepresentations concerning fixed rate small business loans. The claim has been underway since May 2019, with over £12 million of financing committed by another litigation funder to cover the costs of the actual litigation. AxiaFunder's capital will be used to source additional claimants for the case and also to cover some of the overheads of the claims management team. The return for investors is estimated to be between 1.85x and 2.51x capital.

AxiaFunder General Update

UK-based AxiaFunder has provided an update on its performance, noting that since inception it has reviewed three hundred cases, funded twelve and reached a positive resolution on five. The average IRR on its resolved cases is 55%.

AxiaFunder backs software theft and copyright infringement claim

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.

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