Legal Tech Startup: Xclaim

Spotlight on: Xclaim

Description
Developer of an electronic marketplace platform designed to manage and streamline bankruptcy claims. The company's platform allows users to track portfolios, explore out-of-court settlement opportunities to liquidate shares in a few clicks and centralize access to buyer competition with controls to negotiating, ease settlement, and risk mitigation, enabling clients to eliminate risk and eradicate existing marketplace inefficiencies.

Most Recent Financing Status (As of October 2023)
The company raised $7.00 million of Series A venture funding in a deal led by Josh Jones on March 1, 2023, putting the company's pre-money valuation at $25 million. FJ Labs and other undisclosed investors also participated in the round. The funds will be used to expand the company's website its products, and hire more staff and accelerate adoption for trading bankruptcy claims electronically by introducing new financial products to enhance market liquidity and accessibility.

Founder and Chairman: Matthew Sedigh, [email protected]

HQ Location: 2261 Market Street Suite 4385 San Francisco, CA 94114

Employees: 12 (as of December 2023)

Total Raised: $18.99M (as of March 2023)

Growth Rate: 0.20% Weekly Growth (93rd percentile)

Size Multiple: 9.70X Median (89th percentile)

Institutional Investor:

• 75 & Sunny
• Edward Lando
• First Round Capital
• FJ Labs
• Freestyle Capital
• General Catalyst
• Luma Launch
• PLG Ventures
• Tune House Capital

To learn more about Xclaim, visit their website or follow them on Linkedin

Source: Pitchbook, September 2023