AxiaFunder launches £200,000 crowdfunding campaign
AxiaFunder has launched an equity crowdfunding campaign on Seedrs to raise £200,000.
The litigation crowdfunding platform said the money raised will be used for recruitment, technology development and marketing.
It said it was looking to strengthen its case origination and assessment capability as well as its use of smart data.
The majority of the target has been raised so far as £155,000 has already been pledged by an anonymous investor.
AxiaFunder launched in January 2019 and has funded £684,000 of cases to date.
Its first case win produced a 43 per cent net return in eight months.
Read more: New IFISA launches to fund litigation cases
“Once the preserve of hedge funds and other large institutions, private investors can now share in the attractive potential returns offered by litigation finance,” AxiaFunder’s Seedrs pitch said.
“To the best of our knowledge, AxiaFunder is the UK’s first commercial litigation funding platform.
“The platform launched in January last year and aims to connect eligible investors typically institutions, high-net-worth or sophisticated retail investors with claimants seeking funding.
“Investors receive a return on their capital if the case wins and lose some or all of their capital if the case loses.”
Read more: Litigation finance special report