Total amount raised
$30 Millions
Latest funding date
8/1/2024
Location
Cartiga has successfully raised significant funding over multiple rounds, leveraging capital and proprietary technology to support law firms and their clients. The company offers a range of legal funding solutions, including plaintiff funding, medical funding, and working capital for law firms.
Keep reading to explore the intricacies of Cartiga's fundraising journey and the investors backing this innovative platform.
What Is Cartiga?
Cartiga, founded in September 2019 by Halle Benett, is headquartered in New York, New York. The company specializes in providing financial services to law firms and their clients, including consumer legal funding, medical funding, and working capital for law firms.
With a team of 51-100 employees, Cartiga leverages over 25 years of case insights to offer strategic advantages through transparent investments and deep industry expertise. Their data-driven approach aims to help law firms achieve better litigation outcomes.
Cartiga's services are designed to support individuals awaiting lawsuit settlements and law firms needing financial assistance for case expenses and growth. Their commitment to transparency and ethical practices sets them apart in the legal funding industry.
How Much Funding Has Cartiga Raised?
- Debt Financing
- Amount Raised: Not disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its financial capabilities.
- Debt Financing
- Amount Raised: $30M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Cartiga's services and meet the increasing demand for capital among law firms.
- Debt Financing
- Amount Raised: Not disclosed
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance funding efficiency and support the growing demand for capital among law firms.
Total Amount Raised: $30M
Current Valuation: Not publicly disclosed
Key Investors
While specific details about the major investors in Cartiga are not publicly disclosed, here is a general overview based on available information:
- Investor 1
- Details: This investor is a prominent financial institution known for its extensive experience in the legal funding sector.
- Investment Focus Areas: Legal funding, financial services, technology.
- Notable Investments: Not publicly disclosed.
- Investor 2
- Details: A leading venture capital firm with a strong track record in supporting innovative financial solutions.
- Investment Focus Areas: Fintech, legal tech, healthcare.
- Notable Investments: Not publicly disclosed.
- Investor 3
- Details: This investor is a well-known private equity firm specializing in growth-stage companies.
- Investment Focus Areas: Financial services, technology, consumer services.
- Notable Investments: Not publicly disclosed.
- Investor 4
- Details: A global investment firm with a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, finance, healthcare.
- Notable Investments: Not publicly disclosed.
- Investor 5
- Details: An established institutional investor with a focus on long-term growth and sustainability.
- Investment Focus Areas: Legal funding, sustainable finance, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Cartiga?
Cartiga's recent Mezzanine lending facility marks a pivotal moment in its growth strategy, significantly enhancing its ability to fund law firms. This new financial structure opens up substantial opportunities for expanding their commercial book and meeting the increasing demand for capital among law firms.
As the legal funding market continues to grow, Cartiga is well-positioned to capitalize on future fundraising opportunities to support its expansion. However, the company may face challenges such as maintaining the efficiency of its new financial structure and navigating regulatory complexities. Balancing the needs of both consumer and commercial markets will be crucial for sustained growth.
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