LegalTech startup raises £1m in mission to unlock value from litigation.
LegalTech company, Disputed.io, has increased investment to over £1m from investors who believe that its digital platforms are well placed to take advantage of key trends within the litigation industry in the UK and worldwide, namely the growth of both multi-party claims and third-party funding.
This latest round of investment includes funding from TrueSight Ventures; venture capitalists who specialise in companies that solve important problems with technology.
Disputed.io has two cutting-edge platforms that have attracted this fresh investor interest:
CaseFunnel, a unique solution for law firms and Claims Management Companies that seamlessly onboards clients, and automates many aspects of repeat and volume claims – with contracts with a number of market-leading firms including Mishcon De Reya (UK), Brown Rudnick, Keller Lenkner UK and emerging firms like Charles Lyndon.
FinLegal, the world’s first online litigation funding marketplace, is a ‘free-to-lawyer’ solution that connects those needing litigation funding or ATE insurance with multiple providers. In addition to better access to the market, by adopting the solution the firm’s leadership team receive valuable insights on live funding and ATE requests, helping them drive fees and ensuring quality across requests.
Notable pre-seed technology investors and incumbent industry figures including Tim Berry of TheClaimsGuys have laid the foundations for this increased investment.
Luke Harrison, Partner & Solicitor–Advocate at city disputes boutique firm Keidan Harrison LLP and an advisor to Disputed said:
“Over the last few years, we have seen a growth in both collective redress and litigation funding. Innovation by lawyers in these areas has so far been hampered by the technology available to administer them.
CaseFunnel brings much needed connectivity and digital transformation to the claims and group-litigation market and is being used to handle mass-employment claims, vehicle emissions litigation, business interruption insurance and data misuse claims. Litigation funding, whilst improving access to justice, has been difficult to access for many claimants.
Disputed.io brings together world class leading technology for end-to-end claim administration and an online marketplace for the financing of litigation. The start-up’s rapid growth is unsurprising given the trends in the markets it supports.”
Steven Shinn, Disputed CEO said:
“CaseFunnel is consistently being selected by firms running high volume and group litigation claims. We’re delighted that Investors have recognised the advantages that CaseFunnel has over basic onboarding and ID products and want to benefit from our growth. As well as the investment being used to scale our team to support more firms, it will help us to launch our unique legal funding solution, FinLegal.io, which is set to accelerate the adoption of litigation funding.”
About Disputed.io and its solutions
Founded in 2018 by Steven Shinn, the company has grown exponentially to deliver two cutting edge digital solutions: CaseFunnel, powering group and collective redress litigation; and FinLegal, facilitating better access to litigation funding. By the end of 2021, it is projected that over one million claims will be managed on CaseFunnel; growth is rapidly scalable with new law firms able to deploy the product in as little as two weeks.
The world’s first litigation funding marketplace, FinLegal, is a single centralised location for clients, litigators and funders to come together to source and manage funding for a claim. FinLegal is entering its final closed beta testing stage with firms and funders, before being formally available to law firms in November 2020.
For further information about this release or Disputed and their associated products, please contact Natalie Rodgers, Managing Director: [email protected] / 0114 4070159 / 07881 780608