Tech-Based Litigation Platform LegalPay Raises Undiscloed Amount Of Funding, Round Led By Ashwini Kakkar
- ByStartupStory | June 25, 2021
Tech-based litigation platform, LegalPay raises undiscloed amount of funding round led by entrepreneur-turned-investor and former head of Thomas Cook, Ashwini Kakkar. The round also saw participation from 9Unicorns, an accelerator VC fund. LegalPay will use the raised amount of funding to expand its product and service offerings, and enter into a new form of financing called Interim Financing. LegalPay is a third-party litigation finance platform that helps entities/businesses ease the financial burden of litigation cases such as shareholder and IPR-related disputes. Kundan, Founder, and CEO, Legal Pay, said, “With Interim Finance, LegalPay will use financing similar to debtor-in-possession to invest in super-priority loans.”
“We see the sector heating up in the years to come. We were strongly convinced by the founder’s vision and execution capabilities. We have shown this faith by participating in the additional round of funding and are excited to participate in the journey of this game-changing startup,” said Anuj Golecha, Co-founder of 9Unicorns.The new round comes only a month after LegalPay secured an undisclosed seed funding round led by 9Unicorns, early-stage investment platform LetsVenture, and angel investors such as Ambarish Gupta, Founder of New York-based PE Fund Basis Vectors, and Knowlarity.
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