Mighty has successfully raised over $15 million from top-tier venture capitalists across multiple funding rounds. The company focuses on providing comprehensive personal injury services to help accident victims achieve medical recovery, financial security, and legal justice.
Keep reading to explore the intricacies of Mighty's fundraising journey and the investors backing this innovative platform.
What Is Mighty?
Mighty, founded by Joshua Schwadron, is a legal technology company that addresses the challenges faced by accident victims. The company operates out of Atlanta and New York City, providing comprehensive personal injury services.
With a team of 11-50 employees, Mighty integrates legal, financial, and health tech solutions to help plaintiffs navigate the complex system of personal injury claims. The company aims to remove the stigma around personal injury and provide justice for those who cannot afford it.
Since its inception, Mighty has focused on achieving medical recovery, financial security, and legal justice for accident victims and their supporters. The company has raised over $15 million from top-tier venture capitalists to develop its innovative solutions.
How Much Funding Has Mighty Raised?
- Seed Round
- Amount Raised: $5,250,000
- Date: September 2015
- Lead Investors: IA Ventures, Tribeca Venture Partners
- Motivation Behind the Round: To develop a CRM for legal and medical funders.
- Series A Round
- Amount Raised: $9,000,000
- Date: March 2018
- Lead Investors: IA Ventures, Tribeca Venture Partners
- Motivation Behind the Round: To accelerate growth after pivoting to a software company.
Total Amount Raised: $14,250,000. Current Valuation: $50,000,000 (~estimated).
Key Investors
- IA Ventures
- Details: IA Ventures is a venture capital firm that invests in early-stage technology companies. They have a strong focus on data-driven startups.
- Investment Focus Areas: Technology, Data, FinTech
- Notable Investments: Datadog, The Trade Desk, TransferWise
- Tribeca Venture Partners
- Details: Tribeca Venture Partners is a New York-based venture capital firm that invests in early-stage companies. They emphasize innovation and technology-driven businesses.
- Investment Focus Areas: Technology, Innovation, FinTech
- Notable Investments: BetterCloud, CommonBond, ShopKeep
What's Next for Mighty?
Mighty's future looks promising as it continues to develop its CRM-like tool tailored for legal and medical funders. This innovative solution offers a more efficient and organized alternative to traditional methods, positioning Mighty to capitalize on the maturing legal funding industry. With $100 million in credit raised, the financial opportunities are significant, allowing the company to support users and generate returns.
As Mighty's technology platform gains traction, further investment opportunities are likely to arise. The potential for outsized returns could attract more investors, fueling the company's growth. However, Mighty will need to prove the efficiency and benefits of its platform over existing solutions and compete with other legal funding groups that may not use its technology.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Mighty and gather other critical business insights. Sign up for free and start making data-driven decisions today.
