Spotlight on: Matterhorn
Description
Developer of a cloud-based online arbitrator platform designed to assist courts to handle many high-volume infractions, disputes, and outstanding warrants online. The company's platform offers online negotiation systems and online resolution options for litigants charged with relatively minor offenses and back litigants with outstanding issues to understand their options and navigate the court online without needing to hire an attorney, enabling citizens and courts to solve minor cases feasibly.
Most Recent Financing Status (as of 02-Mar-2022)
Social Venture Fund sold a stake in the company to an undisclosed buyer. Previously, the company raised $1.8 million of Series A venture funding in a deal led by BELLE Impact Fund on June 6, 2017, putting the company's pre-money valuation at $3.9 million. Social Venture Fund, Michigan Angel Fund, and Northern Michigan Angels also participated in the round. The funds will be used to further bolster its sales and marketing functions in order to expand its footprint from the Midwest to court systems nationwide.
CEO: MJ Cartwright
HQ Location: Ann Arbor, MI
Employees: 6
Total Raised to Date: $1.80M
Post Valuation: $5.70M
Size Multiple: 0.73x Median (45th percentile)
Institutional Investors:
- Accelerate Blue Fund
- BELLE Impact Fund
- Michigan Angel Fund
- Northern Michigan Angels
- University of Michigan
Endowment
To learn more about Matterhorn, visit their website or follow them on LinkedIn or Twitter.
Source: Pitchbook, September 2022
Published September 6, 2022.
