Spotlight on New Era ADR, the operator of an automated dispute resolution platform intended to transform the antiquated world of dispute resolution.
Spotlight on: New Era ADR
Description
Operator of an automated dispute resolution platform intended to transform the antiquated world of dispute resolution. The company is bringing forth dispute resolution through easy-to-use technology and a fast process that doesn't sacrifice the quality of decisions and its neutrals are among the experienced arbitrators and mediators in their field, enabling businesses to get rid of the traditional legal system and focus on their core business.
Most Recent Financing Status
The company raised $6.26 million of seed funding in a deal led by NextView Ventures on February 24, 2022. Motivate Venture Capital, Alumni Ventures, Jump Capital, and 4 other investors also participated in the round. The funds will be used to accelerate technology development, ramp up sales and marketing efforts, expand into new verticals, and grow its team across operations, marketing, engineering, and sales.
CEO: Collin Williams
HQ Location: Chicago, IL
Employees: 20
Total Raised: $7.45M
Post Valuation: $3.00M
Growth Rate: 0.29% (94th Percentile)
Size Multiple: 0.69x Median (42nd Percentile)
Institutional Investors:
- NextView Ventures
- Motivate Venture Capital
- Alumni Ventures
- Jump Capital
To learn more about New Era ADR, visit their website or follow them on X (Twitter) or LinkedIn.
Source: Pitchbook, September 2023
Published October 3, 2023.
